Cairo: Egypt's Ministry of Finance announced plans to begin paying 50% of the exporters' outstanding dues in cash for shipments made before the end of June 2024, starting from the fiscal year 2025/2026. The payments will be spread over four years, with the aim of boosting liquidity and supporting export activity.According to State Information Service Egypt, Finance Minister Ahmed Kouchouk stated that the government expects to disburse payments to around 2,400 exporting companies, with a total value exceeding EGP 25 billion. He emphasized that this initiative is part of broader fiscal policies designed to have a comprehensive impact on the economy, helping accelerate growth driven by the private sector.Kouchouk noted that the ministry has initiated coordination with the Export Development Fund (EDF) to streamline cash payments. Disbursement is set to commence on August 7 through four banks: The National Bank of Egypt (NBE), Banque Misr, Banque du Caire, and the Export Development Bank (EBank).Neveen Mans our, economic institutions relations adviser to the Minister of Finance, explained that 50% of exporters' arrears will be settled through a clearance system offsetting debt with various authorities. Since 2019, the government has supported over 2,800 exporters with EGP 70 billion.