Wednesday,20 February, 2019
Current issue | Issue 1396, (31 May - 6 June 2018)
Wednesday,20 February, 2019
Issue 1396, (31 May - 6 June 2018)

Ahram Weekly

Obituary: Ali Lotfi (1935-2018) The statesman

Al-Ahram Weekly

Former prime minister Ali Lofti, who served under two presidents, died on 27 May at Dar Al-Fouad Hospital from renal failure. He was 83 years old. Lotfi served as minister of finance in 1978 under former president Anwar Al-Sadat and was a member of the delegation which accompanied Sadat to Camp David in the US for the signing of the 1978 Peace Accords with Israel.

From September 1985 to November 1986, Lotfi headed the government as prime minister under ex-president Hosni Mubarak. He was then appointed Shura Council speaker. He also headed the Supreme Council of Journalism and in 1992 was awarded the prestigious State Merit Prize for Social Sciences.

Lotfi was a professor of economics at Ain Shams University. He wrote dozens of books which were translated into English and French on economic development, problems of industrialisation and finance in developing countries, and economic planning.

Lotfi belongs to the neo-liberal school of economic thought. He advocated giving the private sector a larger role in the economy and his tenure as minister of finance witnessed Egypt moving from the socialist system to an open door policy. He was a supporter of rationalising expenditures and worked on developing the taxing system. President Abdel-Fattah Al-Sisi said Lofti was an outstanding example of serving the country and dedication at work.

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