CAIRO (XINHUA) – Egypt’s membership in BRICS has opened up “greater horizons”, expanding opportunities to benefit from China’s “inspiring” experience in high-quality development and modernisation, Egyptian Finance Minister Ahmed Kouchouk has said.
“We are very happy with our accession to BRICS and with the cooperation in all areas of joint work, including the economic or political tracks,” Kouchouk told Xinhua in a recent interview.
Egypt officially joined BRICS in early 2024, a significant step in enhancing its global economic position.
He emphasised BRICS’ importance as a forum for emerging economies to discuss priorities and policies and coordinate efforts to exchange expertise to enhance trade, economic and investment relations.
He underscored the role of the New Development Bank in financing infrastructure and development projects in BRICS nations.
Noting that Egypt is a founding member of the Asian Infrastructure Investment Bank (AIIB), which now has more than 100 members, Kouchouk said that the Beijing-based bank is currently financing about six projects in the country.
