World Bank approves $500m to expand social security in Egypt - ministry

Source: Reuters.

The funds will support the government's Takaful and Karama conditional and unconditional cash transfer programme, first launched in 2015, which targets low-income Egyptians eligible for government support.

The network has already received $900m in funds since its launch in 2015 and helps around 12.8 million people in the Arab world's most populous country.