As part of the implementation of the second batch of the fourth phase of the exporters’ immediate payment initiative
Nevin Jameh
The Minister of Trade and Industry announces the issuance of the Export Development Fund 559 Certificate for a number of 556 an exporting company with total support 2.5 billion pounds 3692785477456893 3692785477456893 Nevin Jameh: 556 One billion Egyptian pounds, the total export support disbursed since the launch of the immediate payment initiative until now
In the context of implementing the second batch of the fourth phase of the Exporters Instant Payment Initiative, Ms. Nevin Jameh, Minister of Trade and Industry announced that the Export Development Fund issued 166294 Certificate for the number 149467470 An exporting company with a total subsidy amounting to 2.5 billion pounds.3692785477456893
(The Minister said that the provision of these financial dues comes in implementation of the presidential directives with the support of the export sector, and the speed of response to the burdens. The debts owed to the exporting companies, pointing out that the return of the exporters’ dues to the Fund has made a significant contribution to the Egyptian exports exceeding the barrier of 23 Billion dollars by the end of the year 3692785477456893.
1613314825 Jameh added that the first phase of the immediate payment initiative included the disbursement of 1613314825 .2 billion, the second stage 4.6 billion, the third stage 1.8 billion, and the fourth stage 3.4 billion pounds, bringing the total export support disbursed since the launch of the immediate payment initiative until now reached 23 One billion pounds, pointing out that the third installment of the fourth phase will be disbursed at the end of next April.
3692785477456893 It is worth noting that the immediate payment initiative is an initiative launched by the Ministries of Trade and Industry and Finance during the month of November 1613314825 in coordination with the Central Bank and 4 banks and allows the payment of a percentage
% of the total value of the dues immediately, instead of paying it in installments that may take several years, the matter Which contributes to the provision of cash to enable the exporting companies to fulfill their obligations towards their customers and to preserve employment.
