Kouchouk emphasized that Egypt’s immediate goal is to reduce the country’s debt-to-GDP ratio to 85% by the end of the current fiscal year.
Over 1,190 companies of various export sectors applied for the initiative’s second tranche, explained the executive director of the Export Development Fund, Amani Al-Wasal
The minister added that the distribution of the second batch will take place on 19-20 July, while the third batch will be on 2-3 August
Ahmed Samir, Minister of Trade and Industry, approved on the controls for implementing the sixth phase of the immediate payment initiative.
The Prime Minister also indicated that as of July 2023, the system for export support through the Export Development Fund will become fully automated
