Kouchouk, meeting Africa Finance Corporation during the IMF and World Bank meetings in Bangkok:

  • We are working to increase production and exports of goods and services by encouraging investments with strong economic returns

  • Africa Finance Corporation is a strategic partner able to mobilize more private capital to support development in Egypt

  • We look forward to a new phase of bilateral cooperation to advance the financing of Egyptian projects in partnership with the private sector

  • Preparing a joint list of priority economic activities to raise sustainable growth rates

Finance Minister Ahmed Kouchouk said fiscal and economic policy priorities are focused on boosting private-sector growth and increasing its investment in and contribution to the Egyptian economy.

Speaking at a meeting with Sameh Shenouda, Executive Director and Head of Investment at Africa Finance Corporation, during the IMF and World Bank meetings in Bangkok, the minister said the government is working to increase production and exports of goods and services by encouraging investments with strong economic returns.

Kouchouk said Africa Finance Corporation is a strategic partner able to mobilize more private capital to support development in Egypt. He added that Egypt looks forward to a new phase of bilateral cooperation to advance the financing of Egyptian projects in partnership with the private sector, and to preparing a joint list of priority economic activities to raise sustainable growth rates.

The minister added that the government aims to reach new segments of investors in diverse financing markets on more competitive terms to lower the cost of financing.