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Speaking at the Meeting of Finance Ministers and Central Bank Governors of BRICS Countries in Brazil, Kouchouk emphasized the need for innovative, inclusive financial solutions to ensure sustainable development across the Global South.
Egypt’s Minister of Finance, Ahmed Kouchouk, has called on BRICS nations to take a more prominent role in supporting emerging markets and addressing the global debt crisis, especially for middle-income countries.
The finance minister also highlighted Egypt’s economic progress as a model for resilience and inclusive growth.
Speaking at the Meeting of Finance Ministers and Central Bank Governors of BRICS Countries in Brazil, Kouchouk emphasized the need for innovative, inclusive financial solutions to ensure sustainable development across the Global South.
Kouchouk urged BRICS members to advance diverse financing tools, including debt-for-investment swap initiatives, to help alleviate pressure on developing countries and redirect capital toward productive investments. He added that it is time for BRICS to collaborate with other global stakeholders to promote a more balanced and fair economic order.
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Additionally, he encouraged the exploration of flexible financial tools to support infrastructure, renewable energy, and digital development. He praised the newly launched BRICS investment platform as an innovative mechanism to mobilise both private and blended capital for high-impact strategic projects.
