Egypt, China strengthen economic co-operation – FinMin

Egypt’s Finance Minister Ahmed Kouchouk has met with the CEO of China’s Multilateral Cooperation Center for Development Finance (MCDF) to discuss strengthening co-operation between the two sides.

During the Asian Infrastructure Investment Bank (AIIB) annual meeting 2024, the officials exchanging view points on ways to promote inclusive and sustainable development in developing countries amid global economic challenges.

Kouchouk emphasised Egypt’s alignment with the MCDF’s goals, highlighting ongoing financing of priority projects and potential collaboration in clean transport, renewable energy, and water management.

He suggested using a mixed financing approach to attract private investment to logistics services, port and airport management. He also recommended expanding the MCDF’s work to include regional and non-regional countries.

The minister proposed establishing a global platform through the centre to share knowledge and expertise in development finance. He highlighted Egypt’s regional development efforts in the Middle East and Africa.

Attribution: Egypt’s Ministry of Finance website

Subediting: M. S. Salama