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Egypt spends LE 42.5B in export support for 2,500 companies

Minister of Finance, Mohamed Maait, stated that these initiatives help provide the necessary cash liquidity to ensure the rotation of the economy.
01.02.23 | Source: Egypt Today

Several initiatives to reimburse the export burdens due to exporters have been launched with the Export Development Fund since October 2019 with the disbursement of LE 42.5 billion to 2,500 companies as an export support, the Finance Minister announced.

 

Minister of Finance, Mohamed Maait, stated that these initiatives help provide the necessary cash liquidity to ensure the rotation of the economy and enable exporters to fulfill their obligations, which leads to maximizing the country's productive capabilities, expanding the export base, enhancing the competitive strength of Egyptian products in global markets, and realizing the dream of reaching “$100 billion in exports.” 

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