Egypt's Finance Minister Ahmed Kouchouk urged BRICS countries and global partners to enhance debt sustainability for emerging economies by promoting diverse financing tools, including debt swap initiatives, an official statement said. Speaking during the financial affairs session of the BRICS Finance Ministers and Central Bank Governors Meetings 2025, Kouchouk said Egypt looks forward to a clear role for BRICS in supporting emerging markets in the face of global challenges. He warned that unilateral measures undermine confidence in the global economic system and hinder development financing. Kouchouk emphasised the urgent need to provide developing nations with fair and adequate access to climate finance, reaffirming Egypt's commitment to a more equitable international tax system through the proposed United Nations tax convention. Kouchouk said the country has become a model for enhancing resilience and achieving inclusive, sustainable growth. He noted that Egypt's strong private sector performance and the resurgence of private investment flows have helped maintain high growth rates. "We successfully advanced fiscal discipline through tax facilitation measures, leading to a 35 per cent increase in tax revenues without imposing new burdens," Kouchouk stated in the statement. He also pointed to significant cooperation opportunities in agriculture, manufacturing, and healthcare to strengthen food and health security across the Global South. Kouchouk underlined the importance of innovative financing mechanisms through BRICS' new investment platform to accelerate infrastructure development projects. Attribution: Amwal Al Ghad English Subediting: M. S. Salama
