The government has agreed to allocate EGP 1 bn to the Forsa employment program, which aims to create job opportunities across different governorates and villages Al Borsa reports. Social Solidarity Minister Ghada Waly said her ministry is already in negotiations with a number of private sector companies to increase employment. She added that beneficiaries of the Takaful and Karama programs will not be eligible for Forsa. Waly noted that there are 8 mn people currently benefiting from Takaful and Karama, on which the government spent EGP 7.4 bn to date. Wali also said she expects the fourth USD 65 mn tranche of the World Bank’s USD 400 mn loan to support Takaful and Karama to be disbursed within a few weeks.

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