Ministry of Finance Introduces New Plan to Settle LE 60 Billion in Exporter Dues

The Ministry of Finance has introduced a new framework for clearing overdue payments to exporting companies through the Export Development Fund. This initiative, detailed in an infographic released on Sunday, covers outstanding dues for shipments made up to June 30, 2024, with a total settlement value of approximately LE 60 billion.

Under this plan, LE 30 billion will be disbursed over four consecutive fiscal years, from 2024–2025 to 2027–2028. Payments will be issued twice a year, in May and November.