Egypt plans single cash transfer system for combating poverty
As Egypt’s poor fall between the anvil of low income and the hammer of price hikes, social protection programs become increasingly deemed as a vehicle for ensuring social and political stability. To this end, the Egyptian authorities plan to launch a new social protection system as of August to help the poor make ends meet as part of a new law for cash subsidies. The bill, which is expected to be passed by parliament later this month, will amalgamate all of the country’s cash-subsidy schemes into the Takaful and Karama program.
However, the bill, as drafted, has stirred fears that some of the beneficiaries would not be eligible for the monthly financial aid due to red tape and approval requirements.