Egypt is keen to boost bilateral economic and investment cooperation with Brazil and other BRICS nations, particularly in productive and environmentally friendly projects and trade facilitation, said Finance Minister Ahmed Kouchouk in an official statement. Speaking during his meeting with Brazil's Finance Minister Fernando Haddad on the sidelines of the BRICS meetings 2025, in Brazil, Kouchouk said Egypt aims to benefit from Brazilian expertise in tax system reform and financial inclusion. He also stressed the importance of deeper cooperation between BRICS and African nations on development finance, climate action, debt swaps, and food security, according to the statement. Kouchouk expressed hope for BRICS to become a leading platform for the Global South to achieve a more balanced and diverse international order. He highlighted the need for flexible financial mechanisms to meet the developmental goals of emerging economies. He also highlighted Egypt's interest in increasing the New Development Bank (NDB) role in Africa by partnering with Egypt to boost infrastructure and green projects, collaborate with the private sector, and secure local currency financing. Egypt could attract more private investment in productive and developmental sectors by leveraging low-cost funding options, he said. Kouchouk affirmed that Egypt's fiscal discipline, structural reforms, and economic measures have strengthened the country's resilience amid global challenges. He added that Egypt continues to build a promising investment climate rooted in trust and partnership with the business community to boost its economic competitiveness. Attribution: Amwal Al Ghad English Subediting: M. S. Salama
