Mohamed Maait: Citizens Will Begin to Feel an Improvement in Their Living Standards by March 2026.. I Believe We Are Nearing the End of the Recovery

Mohamed Maait clarifies the timing for improvement in citizens' living standards by March 2026 with the conclusion of economic reform.

SUMMARY

Dr. Mohamed Maait explained that citizens will start to feel an improvement in living standards by March 2026, marking the end of the expected timeframe for economic reform that began in March 2024. He pointed out that the suffering of production sectors was due to the foreign currency crisis and price gap, emphasizing that solutions are not short-term but require time to achieve balance between supply and demand.

KEY HIGHLIGHTS

Citizens will feel an improvement in living standards by March 2026.
Economic reform began in March 2024 and will last approximately two years.
Production sectors suffered due to the foreign currency crisis and the gap between official and black market prices.
There are no short-term solutions; the current phase is one of treatment.

CORE SUBJECT

Improvement of citizens' living standards with economic reform

Dr. Mohamed Maait, Executive Director at the International Monetary Fund and representative of the Arab group, stated that citizens will begin to feel "an improvement in their living standards and a sense of any improvement in their incomes or pensions" by March 2026, noting that this period represents the end of the expected timeframe for economic reform.

He added during a television interview on Al Mehwar channel that the countdown began with the launch of the IMF program in March 2024, saying: "The reform may take no less than two years; I am talking about approximately two years from the start of the program in March 2024, meaning we are talking about March 2026."

He explained that the suffering of the industrial, agricultural, and pharmaceutical production sectors during the past period was due to problems faced by the sector because of the foreign currency crisis and the gap between the official price and the black market price, pointing out that "this suffering was transferred to the citizen in the form of pricing of goods and their availability, negatively affecting their living standards."

He continued: "When this problem is resolved, the natural situation is that goods will gradually become available, and the level of price fluctuations will gradually calm down, and over time, the balance between supply and demand will move positively in favor of the people."

He confirmed that "there are no short-term solutions," saying: "There is no solution that is always short-term; on the contrary, we are in the treatment phase, and I believe we are nearing the end of the recovery."

KEYWORDS

Mohamed Maait living standards improvement economic reform March 2026 International Monetary Fund

MENTIONED ENTITIES 3

Mohamed Maait

👤 Person_Male

Executive Director at the International Monetary Fund and representative of the Arab group

International Monetary Fund

🏛️ Organization

International financial institution managing economic reform programs

Al Mehwar