The high cost of financing represents great pressures on emerging economies and developing countries

The decline in foreign direct investment flows directed to emerging countries affects the path of developing countries towards targeted development

"Protectionist trade policies" of some advanced economies create additional obstacles to the movement of exports from developing countries

"Blended finance" models enhance cross-border partnership between the public and private sectors

We look forward to international financial institutions adopting balanced and more stimulating policies for emerging economies

Increasing the role of financing tools for multilateral institutions supports the development agenda

Expanding debt-to-investment swaps and using guarantees to reduce costs is a good tool for promoting growth

Supporting emerging economies enhances their ability to deal positively and flexibly with global shocks

 

 

 

Minister of Finance, Ahmed Kouchouk, assured that reforming the global financial architecture ensures a fair future for future generations, explaining that the high cost of financing represents great pressure on emerging economies and developing countries.

 

The Minister said, during his meeting with Guy Ryder, Under-Secretary-General for Policy at the United Nations, on the sidelines of the Preparatory Committee for the Fourth International Conference on Financing for Development in New York, that the decline in foreign direct investment flows directed to emerging countries affects the path of developing countries towards targeted development.

 

He added that the " Protectionist trade policies" of some advanced economies create additional obstacles to the movement of exports from developing countries, noting that "Blended Finance" models enhance cross-border partnerships between the public and private sectors.

 

He pointed out that we look forward to international financing institutions adopting balanced and more stimulating policies for emerging economies, and increasing the role of financing tools for multilateral institutions in a way that supports the development agenda, stressing that supporting emerging economies enhances their ability to deal positively and flexibly with global shocks, taking into account that expanding debt-to-investment swaps and using guarantees to reduce costs is a good tool for driving economic growth rates.