Rania Al-Mashat
UN Under-Secretary-General & Executive Secretary of Economic and Social Commission of West Asia (UNESCWA), Egypt’s former Minister of Planning, Economic Development & International Cooperation and Minister of Tourism
Rania A. Al-Mashat was appointed UN Under-Secretary General and Executive Secretary of the United Nations Economic and Social Commission for Western Asia (ESCWA) on April 20, 2026. Al-Mashat is an international expert in economic diplomacy, bringing over 25 years of experience in macroeconomic policy; central banking and monetary policy frameworks, sustainable economic and social development; structural and institutional reform, development cooperation, development and climate finance, driving climate action and gender equality through international cooperation and partnerships. She served for eight consecutive years (2018-2026) as Minister across three key portfolios: Tourism (first female), International Cooperation, and Planning, Economic Development & International Cooperation. Before her ministerial positions, Al-Mashat served as Sub-Governor for Monetary Policy at the Central Bank of Egypt (2005-2016), where she played a key role in modernizing the bank's monetary policy strategy. Her experience also includes working as Advisor to the Chief Economist and Senior Economist at the International Monetary Fund (IMF) in Washington, D.C (2016-2018, 2001-2005). She has been a board member and advisory member of several international alliances, international financial and development institutions. Al-Mashat has operated at the intersection of policy, finance, international and development cooperation and had to manage complex domestic and geopolitical dynamics that influence institutional strategy and execution, while safeguarding predictability and credibility; all while leading institutions during times of change. A strong advocate of multilateralism, she has a proven track record of advancing impactful, partnership-driven national and global initiatives and has advanced innovative approaches to international cooperation and development finance through country-led multi-stakeholder engagement frameworks. She holds a PhD and MA in Economics from the University of Maryland, College Park, USA, and a BA in Economics from the American University in Cairo and completed executive education programs in Leadership from the Harvard Kennedy School and Oxford University's Saïd Business School. Her academic contributions, including publications with the IMF and the London School of Economics, reflect her commitment to bridging policy, research, and practice.
Areas of Interest:
- Monetary Policy
- International Economics
Education:
- Ph.D., Economics, University of Maryland at College Park, 2001
- M.A., Economics, University of Maryland at College Park, 1998
- B.A. Economics, The American University in Cairo, 1995
Experience:
- UN Under-Secretary-General & Executive Secretary of Economic and Social Commission of West Asia (UNESCWA)
- Former Minister of Planning, Economic Development & International Cooperation, Arab Republic of Egypt
- Former Minister of International Cooperation, Arab Republic of Egypt
- Former Minister of Tourism, Arab Republic of Egypt
- International Monetary Fund
- Head of Monetary Policy Stance, Central Bank of Egypt
- Economist, Vietnam Desk, Asia and Pacific Department (APD), The International Monetary Fund, Washington D.C., USA, Jun.2001-Jul. 2005
- Economist, India Desk, Asia and Pacific Department, The International Monetary Fund, Washington D.C., USA, Jun.2002-May 2003
Latest Publications:
- Al-Mashat, Rania, “The Central Bank of Egypt’s Core (Underlying) Measures of Inflation,” The Central Bank of Egypt Working Paper Series, March 2007
- Al-Mashat, Rania, “The Exchange Rate Pass-through in Egypt,” The Central Bank of Egypt Working Paper Series, November 2006
- Al-Mashat, Rania, “Estimating the Nominal and Real Money Gaps in Egypt,” The Central Bank of Egypt Working Paper Series, June 2006
The Monetary Transmission Mechanism in Egypt
Areas of Interest: Monetary Policy International Economics Education: Ph.D., Economics, University of Maryland at College Park, 2001 M.A.,... Read More
June, 2008
Working PapersFrom Data to Policy: Evidence and Insights from The Egypt Labor Market Panel Survey 2023
Areas of Interest: Monetary Policy International Economics Education: Ph.D., Economics, University of Maryland at College Park, 2001 M.A.,... Read More
Nov 24, 2024
ERF 29th Annual Conference: The Future of MENA Development Path: Risks and Opportunities in an Emerging World Order
Areas of Interest: Monetary Policy International Economics Education: Ph.D., Economics, University of Maryland at College Park, 2001 M.A.,... Read More
May 04, 2023
Revisiting Macroeconomic Management in Times of Crisis and Beyond
Areas of Interest: Monetary Policy International Economics Education: Ph.D., Economics, University of Maryland at College Park, 2001 M.A.,... Read More
Mar 26, 2022
ERF 27th Annual Conference: SDGs and External Shocks in the MENA Region: From Resilience to Change in the Wake of COVID-19
Areas of Interest: Monetary Policy International Economics Education: Ph.D., Economics, University of Maryland at College Park, 2001 M.A.,... Read More
May 17, 2021
