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Egypt plans single cash transfer system for combating poverty

Egypt plans to launch a new social protection system to help the poor, which would include merging a social security safety-net plan with the program known as Takaful and Karama.
An employee counts money at a bank in Cairo September 4, 2014.  REUTERS/Asmaa Waguih (EGYPT - Tags: BUSINESS) - GM1EA941TDY01

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.

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