Egypt bread subsidies
WebJun 28, 2024 · Washington, June 29, 2024 – The World Bank’s Board of Executive Directors yesterday approved a US$500 million loan to bolster Egypt’s efforts to ensure that poor and vulnerable households have uninterrupted access to bread, to strengthen Egypt’s resilience to food crises and to support reforms in food security policies, including to improve … WebFeb 22, 2024 · Egypt depends on imported wheat, and in recent years the vast majority of these imports have come from Russia and Ukraine. Imported grain provides half the flour that goes into a subsidized bread program which feeds some 72 million Egyptians on a daily basis. This staple is a cornerstone of Egyptian diets.
Egypt bread subsidies
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WebJan 2, 2024 · Egypt Independent January 2, 2024. Egypt’s Minister of Supply and Internal Trade Ali al-Moselhy announced Saturday that the government is contemplating the …
WebJan 16, 2024 · CAIRO (Reuters) -Egypt's government will start selling discounted bread to people not enrolled in its bread subsidy programme as it battles accelerating inflation, the supply minister said on ... WebApr 6, 2008 · Egypt has allocated over $2.5 billion for bread subsidies for this fiscal year, but said that may rise due to soaring wheat costs. Yet the pressure over bread remains.
WebMar 8, 2024 · Egypt devalued its currency and cut fuel subsidies in November, prompting the value of the Egyptian pound to halve and leading to queues of furious citizens at petrol stations. The cuts are... WebMar 2, 2024 · For Egypt, it could mean pressing ahead on a delicate venture: raising the price of subsidized loaves for the first time in four decades.
WebFeb 1, 2024 · CAIRO, Feb 1 (Reuters) - Egypt is considering replacing a popular bread subsidy with cash payments for the poor to protect the budget from soaring global wheat prices, but domestic inflation and a...
WebAug 25, 2024 · Egypt received 1.056 million tonnes of wheat from the Russian Federation in the March‑May 2024 period, compared to about 573 000 tonnes in the same period a year earlier. ... bread subsidies account for EGP 55 billion (USD 2.86 billion). In the 2024/22 fiscal year, the resources to finance subsidies on food commodities amounted to about … corduroy jacket raw hemWebAug 17, 2024 · Subsidized bread would still cost 0.05 Egyptian pounds ($0.0031) and each individual would be allocated 5 loaves on the subsidy programme, Kamal added. fanaticfeel shopWebFeb 16, 2024 · Amr Kandil , Wednesday 16 Feb 2024. The Egyptian government will raise the price of subsidised bread loaves – sold at 5 piastres for over 30 years – but will … fanatic fanz foley alWebAug 3, 2024 · Egyptian President Abdel Fattah el-Sisi said it was "necessary" to increase the price of the country's subsidised bread on Tuesday. Sixty million Egyptians are part … corduroy jacket size 16wWebFeb 10, 2024 · Egypt's private sector wheat imports surge as state buyer tightens purchases Bread subsidies cost the government about $3.2 billion, or around 2% of the 2024/2024 budget, with higher wheat prices expected to add $763 million this fiscal year, according to finance ministry data. corduroy jackets 2016WebDec 22, 2024 · More than 70 million Egyptians rely on bread subsidies, with an allotment of five loaves per person per day for 5 piasters a loaf. The total annual cost of the program in the fiscal year 2024/2024 budget comes to LE51 billion, with the government expecting to import 5.11 million tons of wheat at an average price of US$255 per ton. corduroy jackets women\u0027sWebAug 3, 2024 · Of that amount, 44.8 billion pounds are allocated towards the bread subsidy. The government set a wheat price assumption of $255.00 per tonne in fiscal year 2024/2024, from $193.90 a tonne the ... corduroy jackets for toddler boys