Poverty in Egypt Shows Signs of Decrease for First Time in 20 Years
After poverty indicators continued its 20-year upwards trend to 32.3% in the 2017-2018 fiscal year, the recently released CAPMAS report for 2019-2020 saw a decline to 29.7%
Egypt is experiencing a drop in poverty
indicators for the first time in two decades, according to the Central
Agency for Public Mobilization and Statistics (CAPMAS).
poverty indicators continued their 20-year upwards trend to 32.3% in
2017-2018, the recently released report for the 2019-2020 fiscal year
finally saw a decline to 29.7%.
A total of four million citizens
were able to rise above the poverty line over the past few years, in
part due to the success of the national ‘Haya Karima’ initiative to
enrich rural communities. The declining poverty rate was measured by
availability of food and drink, housing, health care, and education.
far, the ‘Haya Karima’ initiative has allowed the government to spend
EGP 700 billion on 4,658 villages and towns. These funds help by
developing decent housing, health care, education, culture, infrastructure,
clean environmental policies and job opportunities to ensure
sustainable, long-term growth.