Sharing expertise on public-private partnership models and strengthening de-risking mechanisms to attract more private capital

The “New Investment Platform” should open up diverse avenues for economic, financial, and trade cooperation among member countries
The New Development Bank can play a greater role in mobilizing investment and bridging development financing gaps
We need unified mechanisms to enhance domestic revenue mobilization across BRICS countries in support of development efforts
We strongly support BRICS initiatives to build a tax database for member countries and develop tax systems that respond to the needs of youth and entrepreneurship
We call for flexible financing pathways that enhance emerging economies’ capacity to achieve their development goals
Leveraging low-cost financing to support the flow of private investment into productive and development-oriented sectors

Ahmed Kouchouk, Minister of Finance, affirmed that Egypt looks forward to a pivotal and influential role for BRICS in advancing growth and development across member countries by strengthening economic and financial cooperation and exchanging expertise and successful experiences, thereby supporting development efforts and stimulating private investment flows.

In an intervention during the BRICS Finance Ministers and Central Bank Governors Meeting, Kouchouk said that Egypt is working to exchange expertise on public-private partnership models and strengthen de-risking mechanisms to help attract more private capital and channel it toward priority development sectors.

He added that the “New Investment Platform” should help open up diverse avenues for economic, financial, and trade cooperation among member countries, enabling them to better capitalize on the opportunities and potential available within BRICS.

He noted that the New Development Bank can play a greater role in mobilizing investment and helping bridge development financing gaps.

The Minister highlighted the importance of developing unified mechanisms to enhance domestic revenue mobilization across BRICS countries, providing greater fiscal space to support development efforts.

He reaffirmed Egypt’s strong support for BRICS initiatives aimed at building a tax database for member countries and developing more efficient tax systems capable of keeping pace with emerging economic needs, particularly those related to youth and entrepreneurship.

Kouchouk explained that emerging economies need more flexible financing pathways to help them achieve their development goals and address financing challenges, stressing the importance of providing financing instruments and solutions tailored to the needs and priorities of these economies.

The Minister also underscored the need to maximize the benefits of low-cost financing to stimulate private investment flows into productive and development-oriented sectors, contributing to stronger growth, job creation, and sustainable development across member countries.--