African agribusiness market expected to reach $1tr by 2030    Price cuts underway across Egypt, says trade federation report    Egypt sets $12bn target for ready-to-wear garment exports by 2031    Egypt's PM reviews plan to slash prices across key consumer goods    Zelenskyy seeks US security guarantees as Trump says he can 'end war now'    Israelis protest for hostage deal amid growing pressure on Netanyahu    Serbia's Vucic vows 'tough measures' against protesters after unrest    Egyptian pound down vs. US dollar at Monday's close – CBE    Egypt's FM, Palestinian PM visit Rafah crossing to review Gaza aid    Egypt delivers over 30 million health services through public hospitals in H1 2025    Egypt joins Geneva negotiations on Global Plastics Treaty, calls for urgent agreement    Egypt recovers collection of ancient artefacts from Netherlands    Egypt, UNDP discuss outcomes of joint projects, future environmental cooperation    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Egypt, Namibia explore closer pharmaceutical cooperation    Fitch Ratings: ASEAN Islamic finance set to surpass $1t by 2026-end    Renowned Egyptian novelist Sonallah Ibrahim dies at 88    Egyptian, Ugandan Presidents open business forum to boost trade    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt, Huawei explore healthcare digital transformation cooperation    Egypt's Sisi, Sudan's Idris discuss strategic ties, stability    Egypt's govt. issues licensing controls for used cooking oil activities    Egypt to inaugurate Grand Egyptian Museum on 1 November    Egypt's Sisi: Egypt is gateway for aid to Gaza, not displacement    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Egypt targeting 50 million beneficiaries under Decent Life Initiative – minister
Published in Amwal Al Ghad on 09 - 02 - 2021

Egypt is looking to ensure that 50 million citizens in all underdeveloped villages nationwide will benefit from its Decent Life Initiative at an estimated cost of 500 billion Egyptian pounds ($32 billion) in the upcoming three years, Planning Minister Hala al-Saeed said on Monday.
During her revision of the implementation of the government's ‘Egypt Kicks Off' programme in front of parliament, al-Saeed said allocations for the first phase of the presidential initiative was set at 20 billion pounds to serve 375 villages.
The first phase covered approximately 4.5 million citizens, she added.
The initiative, launched by Egyptian President Abdel Fattah al-Sisi in early 2019, aims to provide better living conditions for the neediest rural villages in Egypt.
The minister further said the second stage of the initiative, launched in December, targets a total of 1,500 villages inhabited by 18 million citizens.
In addition, al-Saeed said that a plan of action is being developed, for the first time in Egypt's history of economic reform, to transform the Egyptian economy into a productive, knowledge-based economy with competitive capabilities in the global economy.
She also shed light on the "Structural Reform Programme for the Egyptian Economy", a plan of action being developed to implement structural reforms to encourage inclusive growth and create decent job opportunities.
Three productive sectors have been identified as a major priority for the structural reform programme, namely: sectors of agriculture, industrial, and communications and information technology, she explained, which are capable of creating job opportunities and providing sustainable foreign exchange.
She added in another statement that the government, in cooperation with the Ministry of Finance, will begin issuing green bonds to help finance green initiatives and investment projects.
This will double the percentage of green public investments from 15 percent in the current financial year to 30 percent in the 21/2022 year, eventually reaching 50 percent by the end of 2024/2025 year.
Additionally, she stressed the importance of Egypt's Family Planning Programme, and how the imbalance between the rate of population growth and the size of resources can hurt prospects for development, effectively reducing per capita spending on education, health, housing, and transportation.


Clic here to read the story from its source.