The international community shall unite its efforts to dismantle the global debt crisis by turning the bulk into development investments

Driving joint action to adopt innovative and more responsive financing solutions to global economic and trade changes

We look forward to reducing funding gaps in developing countries with effective initiatives to improve debt management and ensure financial stability

We have an integrated strategy to reduce the debt burden and reduce the external component annually

We push for the development of an integrated and consensual framework for converting debt into investments to achieve the best economic and development return for all parties

We look forward to a productive meeting in Spain on financing for development and proposing practical solutions to reduce the debt problem of emerging countries

International coordination and cooperation needed to attract private investment flows and private financing sufficient to drive development rates in emerging countries

 

 

 

Minister of Finance, Ahmed Kouchouk, stressed that "debt" represents the biggest obstacle to development in emerging economies and African countries, explaining that the efforts of the international community shall be united to dismantle the global debt crisis by transforming the bulk into development investments, and pushing joint action to adopt innovative financing solutions that are more responsive to global economic and trade changes.

 

In a seminar on the "debt crisis and development" in developing countries on the sidelines of the spring meetings of the International Monetary Fund and the World Bank in Washington, Kouchouk said that we look forward to reducing financing gaps in developing countries with effective initiatives to improve debt management and ensure financial stability, pointing out that we have an integrated strategy to reduce debt burdens and lower the external component annually.

 

The Minister added that one of the innovative and practical solutions that we are prompting is to develop an integrated and consensual framework for converting debt into investments to achieve the best economic and development return for all parties, explaining that we look forward to a fruitful meeting in Spain for financing for development, and proposing practical solutions to reduce the problem of indebtedness of emerging countries.

 

Kouchouk stressed that international coordination and cooperation are necessary to attract private investment flows and sufficient private financing to drive development rates in emerging countries.