Cairo: Minister of Social Solidarity Maya Morsy met with World Bank Group Executive Director Abdulaziz Al Mulla to discuss enhancing cooperation in social protection and economic empowerment. The meeting took place at the ministry's headquarters in the New Administrative Capital and focused on the ongoing partnership between the ministry and the World Bank, particularly in implementing social protection programs like the conditional cash transfer program "Takaful and Karama," which is celebrating its 10th anniversary this year.
According to State Information Service Egypt, Morsy highlighted that the "Takaful and Karama" program has become a constitutional right following President Abdel Fattah El Sisi's ratification of law no. 12 of 2025 on social security. She also announced the launch of an international high-level platform for social protection, in coordination with the World Bank, to be hosted annually in Cairo. This initiative aims to serve as a global hub for sharing best practices and showcasing the latest strategies in social safety nets.
The ministry is adopting a comprehensive approach to social protection that extends beyond cash support. This approach focuses on the economic empowerment of vulnerable families by establishing a strategic financial system in collaboration with various ministries, agencies, and banks. The goal is to unify national efforts and provide access to financial products, micro-savings, investment opportunities, and micro-insurance services.
Morsy also emphasized the ministry's efforts in supporting productive families and artisans. She noted that, last year alone, 36 exhibitions were organized, featuring more than 1,376 exhibitors.
Al Mulla congratulated Morsy on the 10th anniversary of the "Takaful and Karama" program, describing it as a symbol of cooperation between Egypt and the World Bank. He praised the program's transformation into a constitutional right and affirmed the World Bank's commitment to further strengthening its partnership with Egypt to achieve greater successes for vulnerable families.