https://forum.berneunion.org/topic6805-country-cover-policy-on-egypt.aspx Berneunion forum - MENA - Country Cover policy on Egypt - Messages en-us http://blogs.law.harvard.edu/tech/rss Jitbit AspNetForum Mon, 02 Jan 2023 13:02:03 GMT Mon, 02 Jan 2023 13:02:03 GMT https://forum.berneunion.org/topic6805-country-cover-policy-on-egypt.aspx
We also recognized some increase in overdues in the past couple of months, but no increase in claims. We are carefully observing the developments in the country, and it seems it relates to the foreign currency policy of the country.

Our cover facilities towards Egypt remains as follows (please see also our website: https://www.agaportal.de/en/laenderinfo/land/aegypten):

Grading: 5/7

ST: CBC
MLT: P: CBC, CBG on CBC / C: NR, CBG on CBC


Kind regards

Euler Hermes Aktiengesellschaft
Federal Export Credit Guarantee Division]]> Mon, 02 Jan 2023 13:02:03 GMT https://forum.berneunion.org/topic6805-country-cover-policy-on-egypt.aspx
We have received inputs from our policyholders regarding repatriation/payment issues from importers in Egypt in the Short-Term. However, there is no official news regarding this development. Hence, we would like to know about your experience on Egyptian transactions. Also, what is the rating and coverage policy that you have adopted on Egypt?

Wishing you Happy Holidays from ECGC!]]> Fri, 23 Dec 2022 05:09:13 GMT