During his meeting with Maxim Oreshkin, Deputy Head of Russia’s Commission for Economic Relations with BRICS, on the sidelines of the BRICS meetings in Brazil, Kouchouk said the discussions focused on increasing joint financing for infrastructure and energy projects, and enhancing coordination of multilateral development policies.
He highlighted the need to maximize the use of sovereign wealth funds and resources of development banks to support economic and social growth in emerging countries. He explained that the new BRICS investment platform presents a unique opportunity to align member states’ national development plans with regional cooperation initiatives.
Kouchouk added that Egyptian-Russian projects can be advanced through this investment platform, and that bilateral investment initiatives can be implemented under the BRICS umbrella. He affirmed Egypt’s commitment to strengthening economic, financial, trade, and investment cooperation between the two countries.