Unfortunately, the banking system in Egypt classifies the RMG sector as a high-risk activity, thus there aren’t any financing programmes to our projects, and the sector lacks credit facilities. To what extent do these conditions impede you from preparing a strategy to boost the RMG exports according to the government’s directives? We aim to achieving four goals, including increasing the RMG exports by 10%, to reach $1.6bn by the beginning of 2019. Well, in coordination with some institutions, the council succeeded in offering financing and training facilities to exporters in order to double the Egyptian RMG exports. Moreover, the ministry of finance and all the concerned bodies always express their support to the exports sector, and take all procedures to lift the barriers facing the sector.

Source: Daily News Egypt December 22, 2018 17:26 UTC