We will continue working collectively to foster a more inclusive global economic environment conducive to growth and mutual investment

We look forward to giving greater priority and space to supporting developing economies and strengthening their ability to achieve stability and growth

“Geopolitical volatility” compounds financing burdens, reduces development opportunities and constrains economic activity in developing countries

We look forward to a greater role for the New Development Bank in providing low-cost financing solutions and expanding the use of local currencies

Strengthening tax cooperation among BRICS countries to build a more advanced global system that is fairer to emerging economies and helps reduce borrowing

Customs cooperation among BRICS countries on “Authorized Economic Operator” programs and capacity building supports trade flows

Multilateral guarantees for BRICS countries stimulate private investment, reduce financing costs and strengthen financial infrastructure

Integrating artificial intelligence and advanced technology supports sustainable growth and the transition to a green economy

Sharing international experiences and expertise enhances private-sector participation in building a strong portfolio of development projects

 

 

Ahmed Kouchouk, Minister of Finance, affirmed that Egypt is working to deepen economic and financial cooperation among BRICS countries to advance innovation, development and employment efforts for the benefit of the Global South.

 

He noted that BRICS countries will continue working collectively to foster a more inclusive global economic environment conducive to growth and mutual investment.

 

Speaking at the BRICS Finance Ministers and Central Bank Governors Meeting in India, the Minister said that greater priority and space should be given to supporting developing economies and strengthening their ability to achieve stability and growth. He explained that “geopolitical volatility” compounds financing burdens, reduces development opportunities and constrains economic activity in developing countries.

 

Kouchouk added that Egypt looks forward to a greater role for the New Development Bank in providing low-cost financing solutions and expanding the use of local currencies.

 

He also pointed to strengthening tax cooperation among BRICS countries to build a more advanced global system that is fairer to emerging economies and helps reduce borrowing.

 

The Minister explained that strengthening customs cooperation among BRICS countries on “Authorized Economic Operator” programs and capacity building supports trade flows.

 

He noted that multilateral guarantees for BRICS countries stimulate private investment, reduce financing costs and strengthen financial infrastructure.

 

He pointed out that integrating artificial intelligence and advanced technology supports sustainable growth and the transition to a green economy, stressing that sharing international experiences and expertise enhances private-sector participation in building a strong portfolio of development projects.