Finance Minister: Egypt open to exploring innovative financing tools
During his meeting with Executive Vice President of the Multilateral Investment Guarantee Agency (MIGA) Hiroshi Matano on the sidelines of the IMF and World Bank Spring Meetings in Washington, Kouchouk stressed the need for new financing instruments to attract long-term and private sector investments to emerging economies.
Egypt looks forward to a greater role for investment guarantees in strengthening the ability of developing countries to secure the financing needed for development, the minister said.
He also highlighted the importance of boosting cooperation with MIGA to strengthen confidence among local and foreign private investors and encourage greater investment in the Egyptian market.
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