Egypt's Finance Minister Ahmed Kouchouk emphasised the importance of providing development funding to help developing African countries achieve their economic goals, as per an official statement on Sunday. During a meeting with a Standard Chartered Bank delegation on the sidelines of the Spring Meetings of the IMF and World Bank in Washington, the minister highlighted the need for affordable financing to aid emerging economies amidst global challenges. He also added that the state is committed to an ambitious vision focused on further enhancing financial discipline through the completion of economic and structural reforms, according to the statement. Egypt is working to maximise investment returns through incentive-driven initiatives and simplified tax and customs systems that support the business climate, Kouchouk stated. He clarified that the outcomes of the past nine months demonstrate the government's success in meeting its economic and financial goals, with a primary surplus of 2.5 per cent of GDP and a reduced overall deficit of 6.3 per cent. Attribution: Amwal Al Ghad English Subediting: M. S. Salama
