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Egypt to pay EGP 1bn in export subsidy arrears in March, April

Egypt to pay EGP 1bn in export subsidy arrears in March, April
An additional cash payment of 10% will be made in June

Cairo – Mubasher: The Egyptian government announced the allocation of EGP 1 billion in export subsidy arrears to be paid in March and April as part of a previously-announced programme.

In addition, an additional cash payment of 10% will be made in June in a bid to support exporters, the prime minister Mostafa Madbouly said in a statement late on Tuesday.