Public policy and rural poverty alleviation in Egypt : what went wrong

Author

Masud, Ali

Source

مجلة السياسة و الاقتصاد

Publisher

Beni-Suef University Faculty of Politics and Economics

Publication Date

2018-12-31

Country of Publication

Egypt

No. of Pages

21

Main Subjects

Political Sciences

Topics

• Social development
• Government policy
• Government
• Rural areas
• Poverty mitigation
• Capacity building
• Agricultural credit
• Egypt
• Central banks
• Personal loans
• Bank of Egypt

English Abstract

Egyptian government has been taken many initiatives in order to alleviate rural poverty.

One of the major initiatives is establishing the Principal Bank for Development & Agricultural Credit (PBDAC) at the Ministry of Agriculture.

The mandate of the bank is to provide credit for farmers in the rural areas across Egypt.

Recently, the bank has extended its finance to off-farm activities and got under the supervision of the Central Bank of Egypt.

Still, many farmers cannot pay back their loans and the government has to intervene many times to solve their problems.

Another initiative by the government to alleviate rural poverty in Egypt is establishing the Local Development Fund (LDF) at the Ministry of Local Development.

The mandate of the fund is to provide small loans for farmers in both on-farm and off-farm activities.

In addition to that, the Egyptian government established what is called the Agency of Village Building & Development.

The mandate of that agency is to provide capacity building and financial support for people in the rural areas across Egypt.

Moreover, many donors funded programs were run by the Egyptian government in order to deal with or mitigate the impact of rural poverty.

Shorouk and MISR Programs were the most important programs in this area.

Moreover, the Social Development Fund (SDF) has extended its mandate to cover rural areas.

It provides finance for on-farm and off-farm activities.

It also intervenes through NGOs in rural areas in order to provide microfinance for farmers.

Data Type

Conference Papers

Record ID

BIM-1316939

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