Washington: Finance Minister Ahmed Kouchouk emphasized the need to provide essential developmental financing to boost the ability of developing and African countries to achieve their economic goals.

According to State Information Service Egypt, in a meeting with a delegation from Standard Chartered Bank, on the sidelines of the IMF and World Bank Spring Meetings in Washington, the minister stressed the importance of finding innovative, accessible, and low-cost financing mechanisms to support emerging economies amid current global challenges.

He added that the country has adopted an ambitious vision to further strengthen fiscal discipline by completing economic and structural reforms, noting that Egypt is focused on maximizing investment returns through incentivizing initiatives and simplified tax and customs systems that enhance the business environment.