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Kouchouk at G20: Egypt expands agricultural area, boosts productivity

Businessmen Team news 01 September 2025 02:30 PM
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Kouchouk at G20: Egypt expands agricultural area, boosts productivity

Finance Minister Ahmed Kouchouk highlighted Egypt's and Africa's priorities for achieving food security at a G20 meeting in Cairo.

Kouchouk said Egypt is working to expand arable land, increase productivity, and provide food staples in sufficient quantities. He explained that the government funds various programs to support farmers, encouraging them to expand and increase the agricultural sector's competitiveness.

He noted that food subsidies are a key pillar of Egypt's social protection strategy, pointing out that the country allocates some EGP 165 billion for subsidized goods, benefiting more than 60 million citizens.

The Minister added that the government has expanded the "Takaful and Karama" program, which covers 5 million families and links support to specific educational and health outcomes.

Kouchouk emphasized that national efforts require integration with regional and international partnerships to achieve food security for all. He said Egypt looks forward to a greater role for international institutions in mobilizing resources to fund more sustainable agricultural investment and address climate challenges.

He also stated that Egypt is working to provide more support and space for private sector partners to contribute to sustainable development, referencing the Global Alliance for Combating Hunger and Poverty within the G20 framework and the activation of global development partnerships.

Kouchouk said Egypt is committed to a strong partnership in building fair, cohesive, and resilient food systems in the face of climate change. He noted that the country is working with others for a more equitable, sustainable, and responsive food future for developing and African nations. He also explained that rising global food prices strain public finances and hinder growth and development in developing and African countries.

He stressed the need to seriously address global financial system imbalances, the development funding gap, and climate challenges. He concluded by highlighting the importance of using technology and artificial intelligence applications to face contemporary crises and achieve food security.