CAIRO Feb 27 Egypt's prime minister appointed
former finance ministry official Hany Dimian as finance minister
in the new government on Thursday, a government official said.
Dimian will face the daunting task of strengthening an
economy battered by political turmoil since a popular uprising
toppled autocrat Hosni Mubarak in 2011.
Dimian worked as a top ministry official for more than five
years until he resigned 10 months ago during the term of deposed
President Mohamed Mursi.
Educated at Columbia University, he was described by a
senior European diplomat as the only ministry expert able to
deal professionally with the International Monetary Fund during
a failed Mursi administration bid to secure a loan last year.
Dimian stepped down shortly after the talks collapsed
because of Egyptian resistance to economic reforms. Those
reforms are needed to control a budget deficit that hit almost
14 percent of gross domestic product in the year ending June 30.
Dimian was appointed as deputy finance minister in 2007,
serving under then Finance Minister Youssef Boutros-Ghali. He
was promoted during Mursi's year in power to first deputy
minister in 2012, according to a profile on his Linkedin page.
Dimian replaces former Finance Minister Ahmed Galal and
takes on the responsibility of managing Egypt's economy, which
grew a meagre 2.1 percent last year as political instability
kept foreign investors and tourists away.
During his six years at the Finance Ministry, Dimian
established a Macro-Fiscal Policy Unit, promoted fiscal
transparency and drafted a modern income tax code, he said on
his Linkedin profile.