World Bank approves $500m to expand social security in Egypt - ministry
The World Bank's executive board has approved $500m in development financing for Egypt to expand its social safety net and protection programme in the face of global economic pressures filtering through to the country's economy, the international co-operation minister said on Friday.

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.
Related
Why GBV in South Africa is an economic issue 10 Jul 2025 South Africa unlocks $1.5bn World Bank loan to tackle infrastructure bottlenecks and attract private investment 25 Jun 2025 World Bank Group considers $500m boost for South Africa's transmission expansion 23 Jun 2025 World Bank urges 'radical' debt transparency for developing countries 20 Jun 2025 SA's G20 leaders to gather in the US to drive change 16 Apr 2025 World Bank and South Africa unveil R55bn plan to revitalise cities 1 Apr 2025