Egypt’s Minister of Finance, Ahmed Kouchouk, reaffirmed the Ministry’s commitment to leveraging international expertise as part of its broader strategy to promote private sector growth and bolster Egypt’s economic stability. This approach is central to fostering trust, partnerships, and certainty within the country’s tax community.
In his remarks, Kouchouk lauded the Middle East Regional Technical Assistance Center (METAC), which was established by the International Monetary Fund (IMF). METAC has been instrumental in supporting regional economic and financial development, particularly through capacity building and human development initiatives, significantly contributing to economic stability and sustainable growth in the MENA region.
- Commitment to International Cooperation: Minister Kouchouk emphasized Egypt’s commitment to strengthening its cooperation with international bodies like METAC to enhance the resilience and dynamism of MENA economies.
- METAC’s 20th Anniversary: Reflecting on METAC’s two-decade journey, Kouchouk expressed appreciation for the Center’s role in promoting inclusive and sustainable development in the region.
- Regional Integration: The Minister highlighted the importance of regional cooperation, particularly in addressing shared economic challenges. He stressed that multilateral partnerships are key to formulating financial policies that foster resilience and inclusive growth.
Strengthening Egypt’s Economic Reforms:
Kouchouk acknowledged Egypt’s ongoing collaboration with METAC, particularly in designing financial policies that stimulate economic growth, improve public finance management, and increase social investments. These initiatives align with Egypt’s comprehensive economic reform agenda, aimed at promoting financial discipline and ensuring long-term sustainability.
Furthermore, Kouchouk emphasized Egypt’s dedication to creating a future grounded in sustainable growth, improved living standards, and social inclusion. He also expressed enthusiasm for METAC’s support in tackling major global challenges such as climate change, digital transformation, and ensuring equitable development across the region.
Praise for Egypt’s Support:
Holger Florkemeier, Director of METAC at the IMF, expressed gratitude for Egypt’s steadfast support of the Center, recognizing Egypt as a key partner in advancing regional cooperation. He stated that Egypt’s commitment to METAC has yielded substantial returns both for the country and the broader region.
Jihad Azour, Director of the IMF’s Middle East and Central Asia Department, also praised METAC’s achievements, acknowledging the contributions of member states in enabling the Center to expand its influence and respond to the growing demand for technical assistance and capacity development in the region.
Minister Kouchouk’s remarks reflect Egypt’s ongoing efforts to integrate international expertise in shaping its economic future. By continuing to deepen cooperation with global financial institutions like the IMF, Egypt is positioning itself as a leader in promoting sustainable and inclusive growth within the MENA region.
