Arab Finance: The total number of applicants for the seventh phase of the immediate cash payment initiative to back exporters has reached 1,400 companies since March 10^th, Minister of Finance Mohamed Maait announced in a statement on April 8^th.

Maait also said that receivables within this phase will be disbursed to beneficiaries over on June 27^th and August 8th.

Moreover, the minister added that the country has disbursed EGP 54.5 billion to exporting companies since the launch of cash repayment initiatives in October 2019.

The ministry will receive requests of applicants interested in benefiting from the initiative’s seventh phase until May 9^th.

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