We look forward to reforming the international monetary system and creating a more balanced, inclusive and equitable economic framework for emerging markets

We aim for a stronger voice and greater representation of emerging economies in managing global issues through the development of international financial institutions

BRICS is an important platform for regional integration between Africa, the Middle East and Asia and creation of new investment, development and trade opportunities

We seek stronger cooperation with all our BRICS partners to achieve economic stability, growth and development of our countries and peoples

Egypt aspires to be a regional hub for investment, export and production of clean energy sources, especially green hydrogen

We aim to attract more private investments in the productive sectors, export activities, infrastructure and technology

Continuing structural reforms to promote private sector growth and increase productivity by providing an investor-friendly business environment

We explained our economic vision to drive economic activity in Egypt and deal with regional challenges

We aim to gradually reduce the volume and indicators of government external debt and work to convert part of the debt into investments

Keen to diversify sources, tools, markets and currencies of financing to reduce the ratio and burdens of debt to GDP

We seek to increase the volume and proportion of multilateral concessional financing from development banks, international institutions and bilateral partners

Seeking to optimize the use of sustainable financing tools available

We call for the promotion of 'mixed finance' models to drive cross-border PPP efforts

We seek to direct development funds to develop infrastructure and meet social needs, especially in health and education

The New Development Bank is a powerful tool for the BRICS grouping in financing sustainable development projects in member countries

 

 

 

Ahmed Kouchouk, Minister of Finance, stressed that the BRICS grouping can play an influential role in reshaping the global economic structure in favor of emerging and developing countries, explaining that we look forward to reforming the international monetary system and creating a more balanced, inclusive and equitable economic framework for emerging markets.

 

In his first participation at the ministerial level in the BRICS meetings in Moscow during the session "Improving the global monetary and financial system" "We target a stronger voice and greater representation of emerging economies in the management of global issues through the development of international financial institutions" said the Minister, pointing out that the BRICS is an important platform for regional integration between Africa, the Middle East and Asia and creation of new investment, development and trade opportunities, and that we seek stronger cooperation with all our BRICS partners to achieve economic stability, growth and development for our countries and peoples, taking into account that the New Development Bank is a strong tool for the BRICS grouping in financing sustainable development projects in member countries.

 

"We have clarified our economic vision to push forward economic activity in Egypt and deal with regional challenges" added Kouchouk, stressing that Egypt aspires to be a regional center for investment and export, and the production of clean energy sources, especially green hydrogen. "We aim to attract more private investments in the productive sectors, export activities, infrastructure and technology, as we are continuing structural reforms to promote private sector growth and increase productivity rates by providing an investor-friendly business environment" added the Minister.

 

"We aim to gradually reduce the volume and indicators of government external debt and work to convert part of the debt into investments. We are keen to diversify the sources, tools, markets and currencies of financing to reduce the ratio and burden of debt to GDP. We seek to increase the volume and proportion of multilateral concessional financing from development banks, international institutions and bilateral partners. We also seek to optimize the use of available sustainable financing tools" indicated the Minister.

 

The Minister called for strengthening "mixed financing" models to drive cross-border partnership efforts between the public and private sectors, pointing out that we seek to direct development funds to develop infrastructure and meet social needs, especially in health and education.