Dr.Rania Al-Mashat

Dr. Rania Al-Mashat joined the Egyptian government in January 2018 and has been the Minister of International Cooperation since December 2019 and served as the first Minister of Tourism in the Arab Republic of Egypt from January 2018 to December 2019. With more than 20 years of international experience in financial institutions, central banks, financial systems, monetary policy systems, sustainable development, international cooperation policies and strategies, and climate finance, Al-Mashat, the national platform of the Nofi program, designed the link between water, food and energy projects, to maximize the benefit of international partnerships and mobilize climate finance to accelerate the pace of green transition.

Dr. Rania Al-Mashat held a number of positions at the International Monetary Fund in Washington, where she served as a senior advisor to the International Monetary Fund during the period from (2016-2018), and also a senior economic position during the period from (2001-2005), while in the Arab Republic of Egypt, she assumed the position of Deputy Governor of the Central Bank for Monetary Policy during the period from (2005-2016), and contributed to the development and modernization of the monetary policy strategy of the Central Bank, and the shift towards targeting inflation, as one of the axes of the banking reform program that It was inaugurated in 2004. It also participated in the development and management of the State's macroeconomic policies in cooperation with the ministries and competent economic authorities, and coordinated relations between the Central Bank, the International Monetary Fund and credit rating institutions.

Al-Mashat has served on the boards of directors of a number of financial institutions, authorities, and banks, including, but not limited to, the Egyptian Stock Exchange, the General Authority for Investment and Free Zones, the General Authority of the Suez Canal Economic Zone, the Arab International Bank, and the Arab Investment Bank.

In her capacity as Minister of International Cooperation, Al-Mashat represents the Arab Republic of Egypt in several international financial institutions, including the Governor of Egypt at the World Bank Group, the European Bank for Reconstruction and Development, the Arab Fund for Economic and Social Development, and the Arab Bank for Economic Development in Africa, and she also serves as the Alternate Governor of Egypt in the African Development Bank, the Asian Infrastructure Investment Bank, the Islamic Development Bank, and the New Development Bank, of which Egypt recently joined in March 2023.

Dr. Rania Al-Mashat, Founder and member of several advisory boards, alliances and international institutions of the World Economic Forum, where she co-founded the Resilience Consortium, Co-Chair of the Network to Mobilize Investment for Clean Energy in the Global South, Co-Chair of the MENA Stewardship Board, and Board Member of the Center for the New Economy The New Economy and Society Stewardship Board, a member of the Giving to Amplify Earth Action initiative, a member of the Global Leadership Council for the United Nations Generation Unlimited initiative, and a founding member of The Global Energy Alliance for People and Planet launched by The Rockefeller Foundation.

In addition, Al-Mashat is a member of a number of think tanks, such as the Scientific Council of the European Bruegel Think Tank, the Middle East Economic Association, a member of the Strategic Advisory Board of the Dean of the School of Business at the American University in Cairo (Board Member of the Dean's Strategic Advisory Board, School of Business), a part-time Professor of Economics at the American University in Cairo and the University of Maryland-Coldge Park, and a research fellow at the Economic Research Forum ( Economic Research Forum for Arab Countries, Iran and Turkey), and lecturer at the Institute of Banking.

With her assumption of the portfolio of the Ministry of International Cooperation, Dr. Rania Al-Mashat embarked on developing a framework for international cooperation and development financing, to strengthen the Arab Republic of Egypt's relations with multilateral and bilateral development partners, and stimulate comprehensive partnerships with regional and international institutions, governments, decision-makers, the United Nations and its affiliated programs, the private sector, and civil society, to promote the national development agenda, and align it with the United Nations Sustainable Development Goals, and manages a development cooperation portfolio of about $ 25 billion that includes more than 200 Projects in various sectors of economic development.

Dr. Rania Al-Mashat also documented Egypt's experience in the field of international cooperation and development finance at the international level, by launching the book "Stakeholder Engagement Through Economic Diplomacy", from the London School of Economics and Political Science in June 2021. She contributed several chapters to the IMF's book Advancing the Frontiers of Monetary Policy, published in 2018 and edited by Maurice Obstfeld, the chief economist at the time.

Al-Mashat also supervised the preparation of the Sharm El Sheikh Guidebook for Just Financing, which was issued as one of the initiatives of the Egyptian presidency of the COP27 climate conference, in cooperation with development partners, international think tanks and research centers, investment and commercial banks, private sector institutions, and non-profit organizations, in order to contribute to international efforts to shift from climate pledges to implementation, and stimulate efforts to mobilize climate investments in developing countries and emerging economies.

In 2022, she received the "Most Distinguished Minister of International Cooperation in Africa" award from the Elliott School of International Affairs at George Washington University – Institute of African Studies in partnership with the GE7 initiative, and in 2019 she received the "International Leadership in Tourism" award from the International Travel and Tourism Council, in recognition of her efforts in developing the tourism sector and enhancing its resilience through the Dr. Rania Al Mashat also won the United Nations Destination Promotion Award in 2019, as well as the Best Destination Promotional Video Award and the 2019 Tourism Leadership Award from the International Institute for Peace through Tourism.

In 2015, she was selected as one of the 50 most influential women in the Egyptian economy, and she was among the top 100 young leaders in Africa in 2014 and 2015 according to the French classification of the Choiselle Institute, and she was also selected as one of the young international leaders in the World Economic Forum's list at the World Economic Forum "Davos" in 2014, and in the same year she was among the 10 most influential women in the Egyptian banking sector in the survey. Conducted by Baseera Center for Public Opinion Research, Al-Mashat was also selected as part of the list of young future leaders announced by the French government in 2013 in the International Visitor Leaders Program, and received the Distinguished Graduate Award from the American University School of Business Administration in the same year 2013; and received the Ibn Khaldun Award for the best research paper on one or more Middle Eastern countries for the year 2004, entitled "Monetary Policy and Public Debt Management... Evaluation of the Egyptian Experience" presented by the Middle East Economic Association.

Dr. Rania Al-Mashat holds a Ph.D. in Economics from Maryland College Park, USA, and a Master's degree at the same university in the field of macroeconomics, international economics and monetary policy applications. She holds a Certificate in Leadership in Transformational Leadership from the University of Oxford, UK, and an Executive Education Certificate in Leadership and Public Policy from Harvard University, USA. Al-Mashat holds a bachelor's degree in economics from the American University in Cairo, and has published many studies and research papers in the field of monetary policy, international economics, inflation targeting mechanisms, and financial systems.