Sisi directs allocating EGP 10bn to funds of family support, elderly

23 / 03 / 2024

By Marwa Nassar - -

President Abdel Fattah El Sisi directed to allocate EGP 10 billion to the funds of family support and elderly people, EGP 5 billion each.

Sisi made the remarks on Thursday during a ceremony on Egyptian Women’s Day which was attended by the president and his spouse.

During the ceremony, Sisi said Egypt spares no effort to support these funds and their assets.

Within the framework of efforts to further empower women, Sisi also directed the government to review and apply the principles of gender equality to ensure equal access to financial services, without discrimination.

Sisi also gave directives to expand the care economy, which is an open field for women employment, as it generates new job opportunities for them and allows them to achieve a balance between their productive and social roles.

Sisi also called for promoting the digital economy as it represents an added value in the national economy, accommodates various patterns of unemployed labor, provides an opportunity for professional recognition, and empowers women to effectively engage in economic activities, given the flexible job opportunities it offers. This enables them to strike a balance between work and family.

Sisi also urged to provide financing for women with minimal conditions and guarantees to establish small- and medium-sized enterprises and raise financial awareness of financial inclusion programs for women in rural and remote areas. This is in addition to offering technical support for women in the field of entrepreneurship and expanding in providing incubators for small and micro-enterprises.

Sisi also called for expanding transformative training programs to enhance women’s skills in industries in demand in the labor market and in the domains of technology and digitization, which increases women’s opportunities to obtain future jobs.

He also directed introducing an aspect on enhancing ethical and social values in the national project for the development of the Egyptian family so as to ensure the building of a cohesive and effective society.

He also urged the government and the National Council for Women to establish “The Egyptian Women’s Museum” to preserve the heritage of Egyptian women and document the progress of women empowerment throughout the ancient and modern eras.

The president underlined that “the Egyptian woman will always remain a cornerstone of the security and stability of society and the nation, and an endless source of inspiration.”