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BRICS Able to Promote Fairer Global Financial Structure, Egyptian Finance Minister Says
BRICS Able to Promote Fairer Global Financial Structure, Egyptian Finance Minister Says
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CAIRO (Sputnik) - This year, Russia is presiding in BRICS. According to the country's President Vladimir Putin, Moscow's work will focus on developing a more... 29.02.2024, Sputnik Africa
2024-02-29T09:02+0100
2024-02-29T09:02+0100
2024-02-29T09:02+0100
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The BRICS group of major emerging economies is able to play an important role in building a more stable and fairer global financial structure, Egyptian Finance Minister Mohamed Maait said on Wednesday.On the sidelines of the G20 ministerial meeting in the city of Sao Paulo, the two officials discussed ways to strengthen economic and financial cooperation between Egypt and Russia, with Maait stressing that settlements in national currencies would contribute to the diversification of exports, the Egyptian Finance Ministry added.On January 1, Egypt, Ethiopia, Iran, the United Arab Emirates and Saudi Arabia officially became full members of the BRICS group. Before that, the bloc consisted of Brazil, Russia, India, China and South Africa.
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BRICS Able to Promote Fairer Global Financial Structure, Egyptian Finance Minister Says
CAIRO (Sputnik) - This year, Russia is presiding in BRICS. According to the country's President Vladimir Putin, Moscow's work will focus on developing a more just world order as well as fruitful cooperation in economic, financial and other spheres.
The BRICS group of major emerging economies is able to play an important role in building a more stable and
fairer global financial structure, Egyptian Finance Minister Mohamed Maait said on Wednesday.
"The BRICS group could play an important role in creating a more sustainable and fairer global financial structure," the Egyptian Finance Ministry quoted Maait as saying during his talks with Russian Finance Minister Anton Siluanov in Brazil.
On the sidelines of the
G20 ministerial meeting in the city of Sao Paulo, the two officials discussed ways to strengthen economic and financial cooperation between
Egypt and Russia, with Maait stressing that settlements in national currencies would contribute to the diversification of exports, the Egyptian Finance Ministry added.
On January 1, Egypt, Ethiopia, Iran, the United Arab Emirates and Saudi Arabia officially became full members of the BRICS group. Before that, the bloc consisted of Brazil, Russia, India, China and South Africa.
