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IMF Egyptian program for Economic Restructuring, on right track?

Nile University's Business School is inaugurating its seminar series with an enriching panel of prominent economic experts:

Since the IMF-Egyptian Program started November 11, 2016, almost six month ago now, it might be useful to provide an initial assessment of the Program in fulfilling its declared objectives of “restoring macroeconomic stability; promote inclusive growth; correcting external imbalances; restore competitiveness, placing the budget deficit and public debt on a declining path, boosting growth and creating jobs while protecting.”

The panel will discuss the current economic conditions in Egypt, and the IMF-Egyptian program for restructuring the economy that has granted Egypt three-year extended loan arrangement (about US$12 billion, or 422 percent of quota) to support the Egypt’s economic reform program.

The panel will end by offering recommendations and suggestions that might help the current government in emphasizing the points of strength and avoiding or correcting the points of weakness in the implementation of the current program.

Register Now (Open Invitation, Attendance free of charge)

Speaker Bio's


Dr. Ahmed Galal

Ahmed Galal is the chairman of the board of the MENA Health Policy Forum. Until December 2016, he was the managing director of the Economic Research Forum, for ten years. Galal was Egypt’s Finance Minister between July 2013 and March 2014. Previously, he worked for the World Bank for 18 years where he conducted research and provided policy advice to governments in several countries around the world. While on leave from the Bank (2000-2006), he was the Executive Director and Director of Research of the Egyptian Center for Economic Studies (ECES).Galal authored or co-authored more than dozen books, including “Welfare Consequences of Selling Public Enterprises”, “The Road Not Traveled: Education Reform in the Middle East and North Africa” In 2004, he was awarded the prestigious regional prize for Economic and Social Sciences by the Kuwait Foundation for the Advancement of Sciences. Galal holds a PhD in economics from Boston University




Prof. Gouda Abdel-Khalek 

Professor of Economics at the Faculty of Economics and Political Science, Cairo University; and Former Minister  of Solidarity and Social Justice, as well as of Supply and Internal Trade, holding both portfolios during February 2011-August 2012. Previously, he served as an advisor to several national and international organizations including UNECA , ESCWA, UNDP, and the ILO; in addition to the Population Council, the International Development Research Centre (IDRC), the United Nations University, and the World Bank. Prof. Abdel-Khalek was a Fulbright visiting research scholar at SAIS/Johns Hopkins University and a visiting professor at UCLA, USC, Rutgers University, and the University of Illinois Urbana-Champaign. He was awarded the State Prize for Achievement in Social Sciences in 2005, and has published extensively on several economic issues including industrialization in Egypt, macro policies for poverty reduction, domestic debt sustainability, economic reform, the international economic order, financial crises, and food security. Dr. Abdel-Khalek holds a Ph.D. from McMaster University (Canada).






Professor Hassan Y. ALY

Professor Aly is a tenured Professor of Economics at Ohio State University; before joining Nile University as Dean of the Business School in May 2017, he served as the Founding Dean of the School of Public Administration and Development Economics, and Professor of Economics at the Doha institute (DI) for Graduate Studies.

In July 2015, Professor Aly was granted Emeritus status at Ohio State University. He started their in 1989 as an assistant Professor and gone through the ranks to reach full Professor in 2008.  Professor Aly served on the Marion Campus, and in a number of positions in Columbus including Faculty Associate at the Middle East Studies Center, and Faculty Associate at the John Glenn Institute for Public Service and Public Policy.

Professor Aly was a Co-editor of the African Development Review (2009-2012), and of the Middle East Business and Economic Review (2002-2010). Professor Aly is a member of the editorial boards of the Journal of Development and Economic Policies, and of the International Journal of Applied Business and Economics Research. In 2004 he was elected to the executive board of the Middle East Economics Association, where he served as Treasurer, an Executive Secretary, and is currently the Associations President.

Professor Aly is a lifetime research fellow at the Economic Research Forum and he served on the board of trustees of this think tank of Middle East economics from 2012 to 2016. In addition to teaching at Ohio State, Professor Aly taught, conducted research, and acted as a consultant in several countries in the Middle East including Egypt, Kuwait, Jordan, UAE, and Tunisia.

Professor Aly served as the Chief Research Economist and Lead Economist of the African Development Bank (2009-2011), as Senior Advisor to the Minister of Planning in Egypt (Fall 2012), and as Director of Graduate Studies at Zayed University, UAE (2002-2005). He is also a technical advisor to the IMF.  He is the author of over forty articles published in professional journals including the American Economic Review, Review of Economics and Statistics, Economic Development and Cultural Change, World Development, Economics Letters, Applied Economics, and Journal of Developing Areas among others and he has a life time citations number that exceeds 1600.