Egypt calls for more responsive global financial system for emerging economies

Finance Minister Ahmed Kouchouk on Wednesday, August 12, 2026, called for a more responsive global financial system that better addresses the growth and development priorities of emerging economies. Kouchouk also urged a greater role for multilateral development banks in providing low-cost financing to help developing

Egyptian Finance Minister Ahmed Kouchouk called for a fairer global financial architecture for developing countries and discussed local currency trade settlements during the 1st BRICS Finance Ministers and Central Bank Governors’ (FMCBG) Meeting, taking place on August 12 and 13 in Jaipur, Rajasthan, under India’s BRIC