discussion relating to countries in this region
Country Cover policy on Egypt
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Shivam Tiwari ECGC Limited Posts: 2
23/12/2022 05:09
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Dear Members,
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!
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Heike Kensmann EULER HERMES Posts: 165
02/01/2023 01:02
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Dear Shivam, dear colleagues,
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
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