Speaking at the official session of the BRICS Finance Ministers and Central Bank Governors meeting, Kouchouk emphasized that BRICS members could be instrumental in promoting "debt-for-investment initiatives and other innovative tools" to propel development efforts worldwide.
The Minister underscored the necessity of advancing
international efforts to solidify economic multilateralism globally, fostering
more inclusive and sustainable growth. He highlighted Egypt's expectation for
enhanced economic cooperation among BRICS nations to lessen the impact of
global shocks, noting the severe impact of rising tariffs and increasing global
uncertainty on emerging markets.
He also stressed the importance of exploring accessible
financing tools for infrastructure, renewable energy, and digital
infrastructure projects.
The BRICS group, Kouchouk stated, can contribute
significantly to international efforts aimed at ensuring a more balanced and
equitable global economic system. He urged BRICS nations to collaborate with
all stakeholders to guarantee economic multilateralism and achieve
comprehensive development.
Kouchouk reaffirmed Egypt's support for robust public-private partnerships to meet development objectives. He added that Egypt backs initiatives to bolster the capacities of BRICS countries through joint cooperation and knowledge sharing, thereby improving preparedness for climate-related risks. He described the new investment platform as an innovative initiative designed to mobilize private and blended capital for strategic projects.