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Finance Minister Plans Borrowers' Club Growth
Ahmed Kajouk, the Minister of Finance, revealed a plan to develop the "Borrowers' Club" aimed at enhancing its role in information exchange between countries and ensuring sustainability in supporting development efforts. The plan will culminate in consultations with debtor nations and coordination with international institutions such as UNCTAD, with the goal of converting debts into investments that contribute to economic growth rather than financial burdens. Additionally, the government aims to improve debt management and expand the partnership system with the private sector to drive development, focusing on strategies to control external debt and prevent a debt crisis.
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