Proven Success

Distinctive Financial Swap
Distinctive Financial Swap

CHALLENGE
One of the leading Multinational Industrial Companies in Egypt had a delay in reimbursing its export dues from the government. This situation was very critical to the extent that the company was considering exiting the market.

SOLUTION
IPA communicated with the related stakeholders to conduct condensed solid negotiations with Ministry of Finance and Export Development Fund, aiming at accelerating the reimbursement of total amount of dues. IPA proposed that the win-win situation would be created if the reimbursement was cleared against taxes.

RESULTS
IPA successfully reimbursed 100% of the company’s dues in a very short time cleared against tax dues In fact, this was a very welcoming and satisfying solution for the Industrial Company that resulted in continuing their operations in the Egyptian market and started re-exporting with a total export volume of LE 1 billion