CAIRO – 22 November 2018: Takaful and Karama is a cash transfer programs that comes as part of a social protection net implemented by the government to protect the poor from the negative effects of Egypt’s reform program.
The aim of the move is to soften the effects of the austerity measures on those with limited incomes.
In 2015, Egypt launched the Takaful and Karama program to provide direct financial support to the neediest people in different villages. The budget allocation of the project was LE 4 billion in 2016.
Takaful and Karama program was funded by more than LE10 million from the state’s budget in the fiscal year 2017/2018.