Egyptian President Abdel Fattah al Sisi has directed that LE 100 million from the “Long Live Egypt Fund” be utilised to support the “Fund for the Elderly”.
Al Sisi made this known after meeting on Monday with Prime Minister, Moustafa Madbouly, and Minister of Social Solidarity Nevine El-Qabbaj. The endowment is set to come into effect once Parliament approves the Elders’ Rights Law. Al Sisi stressed the need to start studying ways to improve social, health and legal protection for the elderly, and stimulate their community participation across all levels.
A spokesman for the Presidency, Ahmed Fahmy, said the meeting tackled several issues, primarily the protection and improvement of the quality of life of the elderly in Egypt and ways to address persons with geriatric challenges.
Apart from improving the ease of transactions for the elderly in all institutions, the meeting highlighted need to enhance social insurance and healthcare services.
The meeting also focused on the government’s efforts to strengthen the societal role of ”Nasser Bank” and the bank’s projects which target economic empowerment and developing social responsibility.