Finding inventive, soft and cost-effective finance mechanisms to support emerging economies

Adopting an ambitious vision to continue supporting financial discipline by completing economic and structural reforms

Seeking to maximize investment returns through stimulant initiatives and tax and customs soft systems that support business climate

Results of the past nine months reflect Egypt potentials to meet its economic and financial objectives

 

 

Minister of Finance, Ahmed Kouchouk, highlighted the necessity of providing finance for development to enhance the ability of African and developing countries to meet their economic objectives.

 

 In his meeting with "Standard Chartered" delegation on the sidelines of International Monetary Fund and World Bank meetings in Washington, Kouchouk affirmed the need for finding inventive, soft and cost-effective finance mechanisms to support the emerging economies in view of the present global challenges.

 

"Egypt adopts an ambitious vision that targets to continue support financial discipline by completing economic and structural reforms," added Kouchouk. "We seek maximizing investment returns through stimulant initiatives and tax and customs soft systems that support business climate."

 

 Kouchouk pointed out that the results of the past nine months reflect Egypt potentials to meet its economic and financial objectives, as we achieved an initial surplus of 2.5% GDP, and the total deficit declined to 6.3%.