Emerging economies need new finance instruments to attract long-term and private investments

We look forward to seeing a greater role for "investment guarantees" in boosting the developing countries' potentials to provide the finance required for achieving development

Enhancing cooperation with MIGA to strengthen confidence of local and foreign private sector to pump more investments in Egyptian market

 

 

Minister of Finance, Ahmed Kouchouk, affirmed that we are open to all international experiences and experiments to explore innovative finance instruments that help minimizing debts and the cost of their service, pointing out that the emerging economies need new finance instruments to attract long-term and private investments.

 

In his meeting with Hiroshi Matano, Executive Vice President at the Multilateral Investment Guarantee Agency (MIGA), on the sidelines of the spring meetings of International Monetary Fund and World Bank in Washington, Kouchouk said that we look forward to seeing a greater role for "investment guarantees" in boosting the developing countries' potentials to provide the finance required for achieving development.

 

Kouchouk highlighted the importance of enhancing cooperation with "MIGA" to strengthen the confidence of local and foreign private sector to pump more investments in the Egyptian market.