According to a statement from the presidency on Tuesday, Egypt will add one million households to a social safety net program that offers cash transfers, bringing the total number of beneficiaries to more than 20 million.
With funding from the World Bank, the “Solidarity and Dignity” program got underway in 2015. Families receive payments that begin at 350 Egyptian pounds ($18.50) each month and are subject on their children attending school.
The Social Solidarity Ministry in Egypt states that families are not eligible for the program if their children get married before turning 18 years old.
At a cost of approximately 1 billion Egyptian pounds ($53 million) every month, the presidency announced that nine million needy families would also get special, exceptional aid over the course of six months.
Egypt, which has a population of around 103 million people and is rising quickly, has experienced economic shocks in response to both the coronavirus outbreak and the war in Ukraine.
The government is requesting additional support from the IMF as annual headline inflation has soared to above 13%.
