The minister expressed Egypt's happiness about its representation for the first time as a member state in BRICS. With regard to BRICS, the minister pointed out that the recent expansion of the bloc boosted its capability in representing developing countries in that critical timing. On that front, he displayed Egypt's priorities and expectations saying that BRICS should keep calling for a global economic governance that is more inclusive of developing countries. That is in addition to supporting developmental funding, encouraging multilateral banks to provide soft loans to developing states, and backing regional trade agreements in the south. The foreign minister said that the increasing use of national currencies in transactions between BRICS' member states would play a major role in improving the resilience of their economies.

Source: Egypt Today June 10, 2024 16:48 UTC