Egyptian Govt Pledges to Earmark EGP 7 Billion to Poorest Villages
The Egyptian government pledged on Saturday to “target the development gaps in the neediest villages by directing investments estimated at EGP 7 billion to the poorest villages” in the country.
Dr. Hala Al-Saeed, Minister of Planning and Administrative Reform, explained that the sustainable development plan “pays great attention to narrowing the development gaps between the governorates of the country.”
The poverty rate in Egypt increased to 32.5 percent in 2017-2018 compared to 27.8 percent in 2015, and the value of the poverty line was 8,827 pounds per year per capita.
Saeed was talking during a seminar on «Urban Inequalities», held by the Swiss Ministry of State for Economic Affairs, represented by the Swiss Embassy in Cairo and the United Nations Human Settlements Program, to discuss possible cooperation between the two governments on the anniversary of the celebration of the 40th anniversary of cooperation between the two countries.
The Egyptian minister added that the government work program gave particular attention to the issue of addressing development gaps between the provinces, especially with regard to indicators of poverty, unemployment, illiteracy, and human development.
She emphasized the need to focus on achieving local development while addressing the priorities of geographical distribution of public and private investments, which gives great weight to the neediest governorates.