Taline Koranchelian is the Deputy Director in the Middle East and Central Asia Department of the International Monetary Fund (IMF), where she oversees the regional work of the department as well as the IMF’s work in Algeria, Djibouti, Iraq, Mauritania, Morocco, Tunisia, and Yemen.
Prior to her appointment as Deputy Director in the Middle East and Central Asia Department, Koranchelian was Director of the IMF’s Middle East Regional Technical Assistance Center since June 2016. Between 2012 and 2016, Koranchelian was Assistant Director of the IMF’s Strategy, Policy, and Review, leading the IMF surveillance policy and reviewing the work of the IMF for around 30 countries across all regions.
Throughout her more than 15 years of experience at the IMF, Koranchelian has held various positions in the Middle East and Central Asia Department, Fiscal Affairs Department, Strategy, Policy, and Review Department, and the Executive Board of the IMF. She has led missions to many countries in Africa, the Middle East, Central Asia, and Europe, and headed the preparation of various IMF policies.
Before joining the IMF in 2000, Koranchelian worked for nine years in the Central Bank of Lebanon and was chief of cabinet and advisor to the Minister of Economy and Trade in Lebanon.
Dubai Electricity and Water Authority (DEWA) was formed on 1 January, 1992, by a decree issued by the late Sheikh Maktoum bin Rashid Al Maktoum to merge Dubai Electricity Company and Dubai Water Department, which had been operating independently before then. Both organisations were established by the late Sheikh Rashid bin Saeed Al Maktoum in 1959. Dubai Government fully supported the Electricity Company and the Water Department to provide Dubai’s citizens and residents with a continuous and reliable supply of electricity and water. Since then, DEWA has made considerable achievements, to be ranked as one of the best utilities in the world. DEWA provides services today to more than 900,000 customers with a happiness rate that reached 95% in 2018.
The UAE, represented by Dubai Electricity and Water Authority (DEWA), has maintained its first global ranking, for the third consecutive year, with scores of 100% in all Getting Electricity indicators in the World Bank’s Doing Business 2020 report. The report measures the ease of doing business in 190 economies around the world. DEWA achieved competitive results in global benchmarking, surpassing the private sector and major European and American utilities in efficiency and reliability. DEWA raised the efficiency of its energy production by using the latest technologies and adopting technological innovations, surpassing European and American utilities, by reducing losses from electricity transmission and distribution networks to 3.3% compared to 6–7% in the US and Europe. DEWA also achieved the lowest customer minutes lost per year (CML) in the world of 2.39 CML compared to 15 minutes in Europe and was also able to reduce water network losses to 6.5% in 2018 compared to 15% in North America, which is one of the best results in the world.