Egypt's Minister of Finance Ahmed Kouchouk emphasised on Sunday the country's openness to all international expertise and experiences in exploring innovative financing tools to reduce debt and debt servicing costs. During his meeting with Hiroshi Matano, executive vice president of the Multilateral Investment Guarantee Agency (MIGA), he stressed the need for new financing tools in emerging economies to attract long-term and private investments. On the sidelines of the Spring Meetings of the IMF and World Bank in Washington, Kochouk highlighted Egypt's interest in increasing the use of investment guarantees to help developing countries secure funding for development. He emphasised the importance of strengthening cooperation with the MIGA in consolidating the confidence of the local and foreign private sectors to increase their investments in the Egyptian market. Attribution: Amwal Al Ghad English Subediting: M. S. Salama
