More than 2,500 exporting companies disburse LE30B in 1.5 years

CAIRO – 9 November 2021: More than 2,500 exporting companies have disbursed about LE 30 billion, during 1.5 years since the start of the initiatives to return the overdue dues to exporters so far, in a way that contributes to providing the cash liquidity necessary to continue the production wheel, according to Minister of Finance Mohamed Maait.

Maait added in a statement Tuesday that in response to the wishes of the business community, a fourth phase of the "immediate cash payment" initiative was launched in early November for the overdue receivables from supporting exporters with the Export Development Fund.

This came during an open dialogue with representatives of the business community and development partners, during the conference organized by the Egyptian Businessmen Association.