During his tenure as Deputy Minister for Financial Policies and Institutional Development since March 2016, “Kouchouk” played a major role in designing and implementing Egypt’s macroeconomic and financial policies and reforms

Ahmed Kouchouk, the new Minister of Finance, has extensive international and local experience in the areas of economic and financial policies. He has served as Deputy Minister of Finance since March 2016 and has played a key role in the design and implementation of economic and financial policies and reforms.

 

He worked as a senior economist at the World Bank. He has been the “main negotiator” with the International Monetary Fund since 2016.

 

Mr. Ahmed serves as Egypt’s non-resident executive director at the Asian International Infrastructure Bank Board (AIIB) for 7 years. He leads Egypt’s inter-ministerial task force managing the annual economic dialogue with the European Union.

 

Mr. Ahmed oversees the process of setting and updating the Macro Fiscal Framework, risk management, and interaction with international institutions, credit rating agencies, investment banks, and investors.

 

Ahmed Kouchouk, the new Minister of Finance, has great international and local experience in the fields of economic and financial policies, whether through scientific studies or applied practices, which extended for more than 25 years, as he worked as Deputy Minister of Finance for Financial Policies and Institutional Development since March 2016. He is the “main negotiator” with the International Monetary Fund since 2016, as he leads Egypt’s inter‐ministerial task force managing the annual economic dialogue with the EU. He also worked as a senior economist at the World Bank from June 2013 to March 2016, and as Egypt’s non-resident executive director at the Asian International Infrastructure Bank Board (AIIB) for 7 years.

 

During his tenure as Deputy Minister for Financial Policies and Institutional Development since March 2016, “Kouchouk” played a major role in designing and implementing Egypt’s macroeconomic and financial policies and reforms. He supervised the process of setting and updating the macro-fiscal framework, including setting fiscal and debt targets over a downward trajectory in the medium term, preparing and monitoring the implementation of the annual budget, managing fiscal risks, interacting with international institutions, credit rating agencies, investment banks, and investors. He also supervised many policy-related groups and departments in the Ministry of Finance, including: the Macro-Fiscal Policy Unit, The Debt Management Unit, the Public-Private Partnership Unit, the Transparency and Citizen Participation Unit, the Public Finance Management Unit, and the Institutional Reform Unit.

 

“Kouchouk” served as a member of the National Defense Council, the Monetary -Fiscal Coordination Council, Egypt National Training Academy, Arab African Investment Bank, Electricity Utility and Consumer Protection Regulatory Body, Heliopolis for Housing Development Company, Misr Phosphate Company, the Egyptian Central Depository and Registry Company, and the Urban Development Economic Authority.

 

“Kouchouk” has been a coordinating official in the Ministry of Finance with the monetary authorities since 2016. He served as a member of the Board of Directors of the Central Bank of Egypt from April 2016 to June 2018, a member of the Board of Directors of EgyptAir from 2018 to 2020, and a member of the Egyptian Fertilizer Production Company” MOBCO” from 2021 to April 2022, and a member of the boards of directors of several other institutions over the past years.

 

“Kouchouk” obtained a master’s degree in public policy from Harvard School of Government in 2010, a master’s degree in economics from York University in the United Kingdom in 2002, and a bachelor’s degree in economics in 1999 from the American University in Cairo.