Tag #Drug Supply

What is the immediate impact of the Egyptian government's partial payment of pharmaceutical company arrears?

The Egyptian government disbursed 4 billion Egyptian pounds ($80.2 million) last week and will release another 6 billion pounds ($120.3 million) in the following two weeks to pharmaceutical companies, partially settling 6 billion pounds ($120.5 million) in arrears. This follows a 10 billion pounds ($200.8 million) allocation for overdue payments and 40 billion pounds ($803.1 million) spent on medicine in the first half of the year, addressing drug shortages caused by the devaluation of the Egyptian pound.