Egypt Calls for Stronger Support for Emerging Markets during Talks with Bank of New York

Egypt’s Finance Minister Ahmed Kouchouk called for a greater role from international financial institutions in supporting emerging economies, arguing that stronger global cooperation is essential to sustaining growth and addressing mounting economic challenges facing developing nations.

The remarks came during a meeting in London with Hani Kablawi, Deputy Chief Executive Officer of the Bank of New York (BNY), as Egypt continues a series of engagements with leading global financial institutions and investors aimed at strengthening economic partnerships and attracting international capital.

During the discussions, Kouchouk emphasized that emerging markets require expanded support from international institutions to navigate an increasingly complex global environment marked by geopolitical uncertainty, financial market volatility, and slowing economic growth.

"Emerging economies need stronger backing from global financial institutions to enhance their resilience, sustain economic growth, and meet the development aspirations of their populations," the minister said.

He stressed that the challenges confronting the global economy cannot be addressed by individual countries alone and require coordinated international action.

Kouchouk argued that mitigating economic shocks and easing pressures on the global economy depend on deeper collaboration among governments, international financial institutions, and the private sector.

According to the minister, expanding access to development financing and mobilizing investment for productive sectors will be critical to supporting economic transformation across emerging markets.

He highlighted the importance of creating financing mechanisms that can help countries pursue development goals while maintaining macroeconomic stability amid external uncertainties.

The finance minister reaffirmed the Egyptian government's commitment to balanced economic and fiscal policies designed to strengthen economic stability while encouraging productive and export-oriented activities.

He noted that authorities remain focused on implementing structural reforms aimed at enhancing competitiveness, expanding private-sector participation, and creating conditions for sustainable long-term growth.

The reform program, he said, seeks to improve the business environment, attract investment, and strengthen Egypt’s position as a regional economic hub.

Kouchouk revealed that representatives of major international financial institutions with investments in Egypt have expressed confidence in the government's management of recent geopolitical and economic challenges.

According to the minister, investors have commended Egypt’s proactive approach to navigating regional volatility, highlighting policy measures that have helped preserve economic stability and maintain investor confidence despite external pressures.

The positive feedback reflects growing recognition among international market participants of Egypt’s efforts to strengthen economic resilience through prudent policymaking and flexible responses to rapidly changing global conditions.

The meeting forms part of Egypt’s broader strategy to engage with international financial institutions and investment partners as it seeks to attract new capital inflows and support its development agenda.

Officials believe that continued reform implementation, combined with stronger international cooperation and expanded access to financing, will help Egypt sustain economic momentum while enhancing its ability to withstand future external shocks.

As global investors increasingly assess opportunities across emerging markets, Egyptian policymakers are positioning the country as a resilient and reform-oriented economy capable of delivering long-term growth despite ongoing global uncertainties.