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Thursday, 24 October 2019

World Bank approves $400 mn for two Egyptian social schemes

Takaful (Solidarity) and Karama (Dignity) target impoverished families to help with youth education and the elderly respectively

Waad Ahmed , Saturday 11 Apr 2015
Tahrir Square
Children pose for a photograph in Tahrir Square (Photo: Reuters)
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The World Bank approved Thursday support for Egypt's government with $400 million for a project that is set to benefit 1.5 million poor Egyptian families.

Earlier this year, Egypt's government established conditional cash transfer projects called "Takaful and Karama" (Solidarity and Dignity).

Takaful targets poor families with children younger than 18 to send them to schools, while Karama targets the elderly and the disabled, so long as they can't earn their living, according to the state TV online website.

Impoverished Upper Egypt is expected to benefit from the project that will insure children get access to education and healthcare, said Afrah Alawi Al-Ahmadi, World Bank senior social protection specialist and project team leader.

With staggering poverty rates reaching 26 percent of the population, Egypt remains one of the top 20 countries suffering from the prevalence of chronic malnutrition with a third of its children under the age of five stunted. In addition, at least quarter of children don't enroll in basic education and up to half of them do not access secondary schools.

Takaful pays each family LE325 in addition to LE60-LE100 per child on a monthly basis, while Karama pays each elderly or disabled person LE350 per month.

However, inflation in Egypt has been accelerating, reaching 11.8 percent in March, the highest since the government cut fuel subsidies, raising prices up to 78 percent at the pump.

Both Egypt's education and healthcare systems are rundown after years of negligence, conditions the government aims to improve by liberalising these sectors, raising concerns among some of further price hikes.

The World Bank believes the Talaful and Karama projects will "improve the targeting of the social safety net system, which is a critical element to accompany any reforms,” said Hafez Ghanem, the Bank's regional vice president for the Middle East and North Africa.

The World Bank currently has 26 projects underway in Egypt at a value of $5.4 billion.

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Neo
12-04-2015 08:48am
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Etnain (2)
Egypt should add a third program to the plan and call it “Etnain” meaning 2 (Two), which is the maximum number of children a family should have in Egypt going forward. No matter how aggressive Economic Development plan are; real effect won’t be felt unless Egypt exerts better control over its population growth.
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1



anti khazar[NOT anti semitic!]
12-04-2015 05:29am
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stolen money from the nation
What is going on in EGYPT ,the poverty,UNEMPLOYMENT,UNEDUCATION [to keep the nation ignorant ]IS MUBARAK'S BIGGEST SIN,OTHERWISE THE PEOPLE COULD SWEEP HIM OFF FROM THE THRONE,IF THEY COULD UNDERSTAND HIS DIRTY POLITICS!!!!Because of his DISGUSTING GREED of POWER and MONEY ,WE HAVE TO BORROW MILLIONS OF $$$$$$$$ which is GOING TO BE PAID BACK FROM THE MONEY OF THE POOR?????How about to BRING BACK THE BILLIONS OF STOLEN $$$$$$$$ BY HIM and HIS GANG and USE IT FOR THE BENEFIT OF THE POOR?????WHY NOBODY FROM THE GOVERNMENT MENTION ABOUT THIS TOPIC??????
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Swiss
19-04-2015 04:26pm
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Swiss bankers
Sam, you don’t want to sound like Swiss bankers who denied, on legal ground, for decades holding any Nazi-confiscated Jewish money and treasures. They ended up on the wrong side of history
Sam Enslow
13-04-2015 09:09am
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Not Guilty
The Mubaraks have been found by Egyptian courts not guilty in all cases decided to date. No one is entitled to their money without legal justification and due process regardless of public opinion.
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