NEW DELHI
Egyptian President Abdel Fattah al-Sisi on Sunday called for deeper cooperation among BRICS members and partner countries to build more resilient economies amid rapid changes and challenges facing the global economy.
Addressing an open session of the 18th BRICS Summit in New Delhi, Sisi said economic resilience requires diversifying sources of growth, strengthening supply chains, investing in people and technology, and expanding cooperation among Global South countries.
He said Egypt attaches importance to cooperation in innovation and artificial intelligence, as well as technology transfer and localization, to enable developing countries to benefit more from technological transformation.
On sustainability, Sisi called for expanded cooperation in clean and renewable energy, greater efficiency in the use of resources, and easier access for developing countries to financing and technology.
He also highlighted Egypt’s investment in ports, transport corridors, and logistics networks, saying the Suez Canal remains at the heart of this system as one of the world’s most important international trade routes.
“Economic resilience cannot be separated from our ability to ensure food and energy security, maintain the smooth flow of trade and investment, and address supply-chain disruptions,” he said.
Sisi called for increasing trade and investment among BRICS members and partners and encouraging joint projects to strengthen economic integration and reduce the impact of external shocks.
He also called for strengthening the role of development finance institutions, particularly the New Development Bank, in financing infrastructure and development projects and expanding developing countries’ access to concessional financing.
The Egyptian president said BRICS, through the diversity of its members and partners, has an opportunity to build a practical model of cooperation among Global South countries based on resilience, innovation, cooperation, and sustainability.
The remarks came on the final day of the two-day BRICS summit in New Delhi. The expanded 11-member grouping comprises Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran, Saudi Arabia, and the United Arab Emirates.
