He was also in charge of the Statistical and International Relations Divisions of the Central Bank, led the research division and was a member of the Governor’s Cabinet. Before joining Bank Al-Maghrib, Karim El Aynaoui worked for eight years at the World Bank, both in its Middle Eastern and North Africa, and Africa regions as an economist. He has published papers, books and articles in scientific journals on macroeconomic issues in developing countries. Recently, he co-authored a book outlining a growth strategy for Morocco and was the guest editor of a special issue on food price volatility in Oxford Economic Papers. Karim El Aynaoui is a board member of the OCP Foundation, a member of the Strategic Advisory Board of the French Institute of International Relations (IFRI) and a member of the COP22 Scientific Committee. He also participates in the Malabo-Montpellier Panel. Karim El Aynaoui holds a PhD in economics from the University of Bordeaux, where he taught for three years courses in statistics and economics.