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EGYPT - Decision Maker Profile - Youssef Boutros Ghali.


The Minister of Economy since July 8, 1997, with the added portfolio of Foreign Trade since Oct. 9, 1999, Dr. Ghali has been involved in Egypt's economic reforms since 1986. He replaced Nawal Tatawi. Aged 47, he is from a prominent Coptic clan. He got a PhD from MIT MIT - Massachusetts Institute of Technology  under Stanley Fischer Stanley "Stan" Fischer (Hebrew: סטנלי פישר, Arabic: ستانلي فيشر) is an economist and the current Governor of the Bank of Israel. , the current IMF IMF

See: International Monetary Fund


IMF

See International Monetary Fund (IMF).
 deputy chief. His uncle, Dr. Boutros Boutros Ghali
This article is about the Egyptian politician, not to be confused the Secretary-General of the United Nations; Boutros Boutros-Ghali


Boutros Ghali
, is a former US secretary-general and minister of state for foreign affairs Minister of State for Foreign Affairs is a junior ministerial position in the British government. Ministers of State for Foreign Affairs 1945-1968
  • 1945: William Mabane
  • 1945-1946: Philip Noel-Baker
  • 1946-1950: Hector McNeil
  • 1950-1951: Kenneth Younger
. An ancestor, Boutros Pasha Ghali, was foreign minister and justice minister under British rule at the turn of the century, and was assassinated as·sas·si·nate  
tr.v. as·sas·si·nat·ed, as·sas·si·nat·ing, as·sas·si·nates
1. To murder (a prominent person) by surprise attack, as for political reasons.

2.
 by Islamic militants in 1910. The 1997 job made Ghali the highest ranked Copt in the cabinet.

His uncle was never made a full minister. The second Copt in the cabinet is Mrs Nadia Makram Obeid, who on July 8, 1997 was made minister of state for the environment. She has been retained by Sunni Muslim Premier Atef Obeid since Oct. 9, 1999.

Ghali was a senior economist at the IMF before joining the government. He became advisor to PM Atef Sidqi in the late 1980s. He was made minister of state on April 18, 1993. Six months later he was in charge of int'l co-operation. In Jan. 1996 he was made state minister for economics but lost the international co-operation post to Mrs Tatawi, as Ghali had agreed to IMF steps opposed by Mubarak. Also opposed to Ghali's deal with the IMF was Atef Obeid, then in charge of the public sector and privatisations. Yet Ghali got an investment grade rank for Egypt from Standard & Poor.

Dr. Ghali's approach to reforms has since become acceptable to Mubarak. He thus got Tatawi's role as Egypt's interlocutor in·ter·loc·u·tor  
n.
1. Someone who takes part in a conversation, often formally or officially.

2. The performer in a minstrel show who is placed midway between the end men and engages in banter with them.
 with the IMF and other international institutions.

Shortly after his Oct. 9, 1999 promotion, Dr. Ghali appointed his senior economic advisor Mahmoud Mohieddin to represent his ministry on the Central Bank board. That reflected Ghali's increased authority.

Officials then explained that Ghali's expanded role was "to support the Central Bank". Now the minister of economy and foreign trade supervises monetary policy and the currency market. It is also tasked with encouraging investments.
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Publication:APS Review Gas Market Trends
Date:Jan 24, 2000
Words:356
Previous Article:EGYPT - Decision Maker Profile - Atef Mohammed Obeid.
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