Egypt allocates EGP 11 bln as exceptional aid for 9 mln families to face global economic crises

Ahram Online , Tuesday 26 Jul 2022

The Egyptian government has allocated EGP 11 billion as exceptional aid over the next six months to support around nine million families during the current global economic crises.

Abdel-Fatah El-Sisi
Egyptian President Abdel-Fatah El-Sisi heading a meeting with Prime Minister Mostafa Madbouly, Minister of Supply Ali Moselhi, Minister of Interior Mahmoud Tawfik, Minister of Finance Mohamed Maait and Minister of Social Solidarity Nevine El-Qabbaj on Tuesday 26 July, 2022. Photo courtesy of Egyptian Presidential spokesman Facebook page.

 

According to a statement by the Egyptian presidency on Tuesday, President Abdel-Fatah El-Sisi has directed the government to disburse a total of EGP 1 billion per month for the next six months as exceptional aid to nine million families.

El-Sisi issued the directions during a meeting with Prime Minister Mostafa Madbouly, Minister of Supply Ali Moselhi, Minister of Interior Mahmoud Tawfik, Minister of Finance Mohamed Maait and Minister of Social Solidarity Nevine El-Qabbaj.

Recipients will include the neediest families and pensioners who receive less than EGP 2,500 per month as well as the state employees whose monthly salaries are less than EGP 2,700.

In addition, two million subsidised food boxes will be made available each month at half price from Egyptian Armed Forces’ food markets. Meanwhile, the Ministry of Endowment in cooperation with the Ministry of Social Solidarity will distribute Eid Al-Adha meat throughout the year.

El-Sisi also directed the ministers to add one million new families to the Takaful and Karama (Solidarity and Dignity) Programme, thus increasing the number of beneficiaries to more than 20 million citizens nationwide.

The Takaful and Karama Programme was launched in 2015 to support impoverished families with school-age children, the elderly and people with special needs in Upper Egypt.

El-Qabbaj said during the meeting that EGP 500 billion has been allocated in the current budget to support social protection programs.

During the meeting, Moselhi reviewed the availability of strategic commodities, especially oil and grains like wheat, stating that stockpiles are sufficient to last for seven months.

Egypt, the world’s largest wheat importer, relies on the strategic commodity to produce bread, a key staple for Egyptians.

Prior to the Russia-Ukraine war, Egypt got 80 percent of its imported wheat from these two countries.

The country requested in late May $500 million from the World Bank to buy wheat through the Emergency Food Security and Resilience Support Project, according to a document released by the World Bank.

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