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.