We look forward to a global financial system that is more responsive to the growth and development priorities of emerging economies

Multilateral development banks should play a greater role in providing low-cost financing to help developing countries manage risks

Integrating digital systems and artificial intelligence into structural reforms will help develop human capital and enhance productivity and competitiveness

Building stronger trade and investment ties across the Global South will help mitigate the impact of economic and geopolitical volatility

 

Ahmed Kouchouk, Minister of Finance, affirmed that strengthening the resilience and innovative capacity of developing economies is a key pillar for advancing inclusive and sustainable development.

 

He stressed that developing countries must have a stronger and more influential voice in shaping a fairer and more inclusive international financial architecture.

 

Speaking during the BRICS Finance Ministers and Central Bank Governors Session in India, Kouchouk said that Egypt looks forward to a global financial system that is more responsive to the growth and development priorities of emerging economies.

 

He underscored the importance of expanding the role of multilateral development banks in providing low-cost financing to help developing countries manage risks and advance their development pathways.

 

Kouchouk also highlighted the importance of integrating digital systems and artificial intelligence into structural reforms to develop human capital and enhance productivity and competitiveness.

 

He further emphasized the need to build stronger trade and investment ties across the Global South to help mitigate the impact of economic and geopolitical volatility.