Egypt: IMF Praises Egypt's Measures in Response to Covid-19 Crisis

IMF praises Egypt's measures in response to COVID-19 crisis

The International Monetary Fund (IMF) has lauded the swift measures taken by Egypt to cushion the health and economic impacts of the coronavirus pandemic.

In Egypt, a total of $6.13 billion has been allocated by the government to alleviate the impact of the pandemic, the IMF said in a research published on its website under the title "Social Spending for Inclusive Growth in the Middle East and Central Asia".

An approximate sum of $528 million has been allocated to support the healthcare sector, by providing immediate medical supplies and disbursing bonuses to medical staff working on the frontline of the COVID-19 crisis, the research said.

Monthly grants for three months totaling $93 (EGP 1,500) has been extended to day-laborers and irregular workers, and pensions increased by 14 percent, it added.

The research noted that targeted cash transfers were also set up to reach vulnerable families.

More From: Egypt Online

Don't Miss

AllAfrica publishes around 800 reports a day from more than 130 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.