BRICS Summit.. Egypt demands fair financing and technology transfer to achieve development
BRICS summit.. Egypt demands fair financing and technology transfer to achieve development
At a critical moment in the course of international relations and development balances, Dr. Mostafa Madbouly, Prime Minister, participated, on behalf of President Abdel Fattah El-Sisi, in the opening session of the17th BRICS Summit, which was launched on the morning of July 6, 2025 in the Brazilian city of Rio de Janeiro, under the title “Peace, Security and Reform of Global Governance,” amid a high-ranking international presence representing a growing economic bloc with influence on the system. Global.
This participation comes at a time when security and economic challenges are intertwined in an unprecedented manner, as the world faces extended humanitarian crises, in addition to the escalation of global debt, and the slowdown in the pace of sustainable development. Which forces the countries of the South to raise their voices in defense of human rights, justice in development, and the necessity of restructuring international economic relations on more balanced and sustainable foundations.
Egypt’s messages at the opening of the BRICS Summit
At the beginning of his speech, Dr. Mostafa Madbouly conveyed the greetings of President Abdel Fattah El-Sisi, explaining that His Excellency’s absence from direct participation was due to commitments related to the situation in the Middle East, and the Prime Minister’s speech started from the regional and international reality, which is characterized by increasing complexity, in light of extended crises and escalating geopolitical tensions, which cast a shadow on the opportunities for development and stability in a number of regions of the world.
In this context, Dr. Mostafa Madbouly stressed that such challenges highlight the need to strengthen multilateral action and intensify cooperation between the countries of the South. To ensure the achievement of human and economic security, and to create a more balanced and just international environment.
He stressed that Egypt is continuing its efforts at the regional and international levels to bring viewpoints closer together, and to support paths of dialogue and settlement, based on its conviction that a just and comprehensive peace is the true gateway to achieving sustainable development. He also called for the need for the international community to come together to find long-term diplomatic solutions to the existing crises, in a way that enhances regional stability, protects peoples’ gains, and returns development to the top of global priorities.
Egypt calls for creating a suitable regional environment for development
In this context, the Prime Minister stressed that achieving sustainable development in the region cannot be achieved in isolation from addressing the protracted crises, which hinder stability and hinder reconstruction and construction efforts, stressing the importance of restoring human security and providing the elements for recovery in the affected areas, and called for activating international support mechanisms for reconstruction and development plans, in a way that contributes to strengthening the resilience of societies, and supports just solutions that put people at the heart of the development process.
Madbouly pointed out that the repercussions of regional tensions are no longer limited to a narrow geographical scope, but rather are extending their effects to multiple countries and regions, which imposes on the international community a double responsibility to push towards settling disputes by peaceful means and strengthening the elements of stability, as this is a basic condition for creating an environment conducive to growth and economic integration.
The responsibility that falls on the BRICS group
In light of these challenges, Dr. Mostafa Madbouly stressed that the BRICS group has become a necessary voice for correcting the imbalances in the international system, calling for accelerating the pace of cooperation between member states through the implementation of strategic projects in the fields of energy, infrastructure, industry, and technology, with a special focus on artificial intelligence and green innovation.
He also stressed the importance of deepening monetary and financial cooperation, through expanding the settlement of transactions in local currencies, activating the BRICS initiative for cross-border payments, and strengthening the role of the New Development Bank in financing development projects using easy financing tools appropriate to the priorities of each country.
A call for reform of the global financial system
At the conclusion of his speech, Prime Minister Dr. Mostafa Madbouly indicated that achieving sustainable development and eliminating poverty in developing countries will only be possible by providing concessional financing, transferring technology, enhancing investments in human capital, and reviewing international debt mechanisms to become more fair and responsive to actual needs.
He called for reforming the structure of global economic governance, and giving developing countries a greater role in international financial decision-making, ensuring equitable representation and just distribution of resources, and a real response to the challenges of climate, health, education, and social protection. At the conclusion of his speech, Madbouly stressed that the real impact of the BRICS group lies in its ability to create an alternative development vision that responds to the hopes of the peoples of the South for a more stable and inclusive future, and moves international cooperation from the slogan stage to implementation. Adel.
In conclusion, theThe Earth Guards Foundation confirms that Egypt’s participation in the BRICS summit represents an additional step towards consolidating its presence in the global circles of influence concerned with sustainable development, as the Prime Minister’s speech expressed an integrated vision that places fair financing and technology transfer at the top of priorities, and this trend reflects a growing awareness of the necessity of reforming international financial instruments to become more responsive. For the needs of developing countries, and to promote a development path that balances social justice and investment in human and economic infrastructure; Therefore, deepening cooperation with major economic blocs represents a fundamental pillar for achieving the goals of Egypt’s Vision 2030, and building a more flexible and sustainable development model.
