Egypt allocates over $1.1bln for social reform: Minister

The government recently announced 700 scholarships for high school students of families listed on Takaful and Karama

  
An employee counts Egyptian pounds at a foreign exchange office in central Cairo, Egypt, March 20, 2019. Image used for illustrative purpose.

An employee counts Egyptian pounds at a foreign exchange office in central Cairo, Egypt, March 20, 2019. Image used for illustrative purpose.

REUTERS/Mohamed Abd El Ghany
ArabFinance: The Egyptian government increased the social reform provision to EGP 19.5 billion in fiscal year (FY) 2020/2021, Minister of International Cooperation Rania al Mashat said in a July 13th statement.

Al Mashat added that the country also raised the number of Takaful and Karama (Solidarity and Dignity) program’s beneficiaries to 100,000 in FY 2020/2021.

In addition, Egypt plans to prepare for the future by supporting workforce, financial inclusion and digitizing banking services, and equal opportunity.

The government recently announced 700 scholarships for high school students of families listed on Takaful and Karama.

Moreover, the ‘Interactive Communication Platform’ will be launched as part of the social solidarity ministry’s mobile application services to serve the beneficiaries of the program.

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