Thursday, March 14, 2019

Cash Transfers: Empowering Egyptian Women to Achieve their Goals

Cash transfers are a small yet effective way to help women take charge of their lives and empower them to make financial decisions. An example of this is the “Takaful and Karama” cash transfer program which was launched in 2015. To date the program has covered 2.26 million households, which amounts to approximately 9.4 million individuals, or approximately 10% of Egypt’s population. And the good news: about 88% of the program’s beneficiaries are women (1,998,280 women). To support the Egyptian government in mitigating the reforms’ negative short-term effects, the World Bank financed US$400 million for the Takaful and Karama operation in 2015. Read More