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Egypt boosts public support as economic crisis worsens – SABC News

Egypt will add one million families to the social security program that provides cash transfers, bringing the number of beneficiaries to more than 20 million, the presidency said in a statement on Tuesday.

The “Unity and Dignity” program was launched in 2015 with funding from the World Bank. Family allowances start at 350 Egyptian pounds ($18.50) per month and cover the children’s schooling.

Families whose children marry before the age of 18 are excluded from the program, according to Egypt’s Social Solidarity Ministry.

The president said that 9 million families in need will also receive special assistance, over six months, costing about 1 billion Egyptian pounds ($53 million) per month.

Egypt, which has a rapidly growing population of about 103 million, has suffered ongoing economic problems from the coronavirus pandemic and the war in Ukraine.

Annual headline inflation has risen above 13%, and the government is seeking new support from the International Monetary Fund.

Egypt boosts public support as economic crisis worsens – SABC News

Source link Egypt boosts public support as economic crisis worsens – SABC News

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