Egypt (Compact with Africa Country)

For transactions with public buyers cover facilities are available on a case-by-case basis

This applies preferably to:

• transactions which promote the country’s economic development and domestic production (productive projects)
• transactions which contribute to an improvement of the institutional environment
• infrastructure and environmental projects
• transactions generating foreign exchange.

For transactions with private buyers cover facilities are available for transactions with credit periods of up to 360 days if informative information material on the buyer is available which, subject to the application of strict criteria, justifies the granting of cover. Besides, cover is available for affiliated companies or companies belonging to an international group the creditworthiness of which is beyond doubt.

For transactions with public buyers cover facilities are available on a case-by-case basis

This applies preferably to:

• transactions which promote the country’s economic development and domestic production (productive projects
• transactions which contribute to an improvement of the institutional environment
• infrastructure and environmental projects
• transactions generating foreign exchange.

There are no formal restrictions on cover for transactions with private buyers.

For medium and long-term transactions bank security has to be provided if the buyer’s creditworthiness is inadequate.

The assessment of a bank for acceptance as a guarantor or borrower is carried out case by case on the basis of informative documents and taking into account the risk involved.

Country information on commercial practices, business climate, market analyses, law, import procedures, customs duties and international projects and tenders can be found on the website of Germany Trade & Invest (gtai, https://www.gtai.de).

The most important GTAI country information on Africa can be found at a glance on the Africa Business Guide (German version, www.africa-business-guide.de).

You can find more detailed information on the G20 initiative „Compact with Africa“ (www.compactwithafrica.org).