Immediate Cash Initiative
The immediate cash payment initiative aims at providing cash liquidity needed for exporting companies to fulfill their obligations towards their clients and keep employment by allowing the payment of up to 85 percent of the total value of exporters' dues rather than paying them in installments.
A new batch is also about to get its dues on April 28, 2022, he added.
The second and third tranches of the initiative's fourth phase will run by the end of February and April, Gamea said in a statement issued by the ministry on Thursday.
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