The first article of the law stipulates putting into effect all its provisions and its attached law regarding the EEIGA as well as applying law no. Article (2) of the law promulgates that the EEIG will replace the Export Credit Guarantee Company of Egypt (EGE). Under the third article, the Egyptian Export and Investment Guarantee Agency name shall be replacing that of the Export Credit Guarantee Company of Egypt, whenever mentioned in the law and relevant resolutions. 21 of 1992 regarding the establishment of the Export Credit Guarantee Company of Egypt and states that all provisions running contrary to the new law should be repealed. The fifth article of the law stipulates that the CBE shall issue resolutions to implement provisions of the new law.
Source: Egypt Today November 20, 2023 15:11 UTC