(CAIRO, Egypt.) JUST IN: Al-Sisi Launched the ‘ Decent Life ‘ initiative in 2019 wit h intention of developing areas for businesses but due to the pandemic the regime is facing a major financia l crisis and is unable to finance the project for 100 rural areas down to 50 only according to Al – Akhbar n ewspaper #AceFinanceDesk report

#AceFinanceReport – Dec.30: Egyptian projects to develop infrastructure in 100 rural areas are facing severe financial crises and corruption, Lebanese newspaper Al-Akhbar has revealed:

Financial crises, corruption cripple Egypt plans to develop 100-rural areas down to 50-only

Egyptian man rides a loaded donkey in the northern rural province of Menufiya on December 16, 2017 [MOHAMED EL-SHAHED/AFP via Getty Images]Egyptian man rides a loaded donkey in the northern rural province of Menufiya on December 16, 2017 [MOHAMED EL-SHAHED/AFP via Getty Images]

Financial crises, corruption cripple Egypt plans to develop rural areas https://t.co/ukc7obO847 http://twitter.com/MiddleEastMnt/status/1344213595706552321 December 30, 2020 at 09:27AM:

President Abdel-Fattah Al-Sisi launched the “Decent Life” initiative in 2019 in a bid to provide better living conditions for those most in need, the newspaper said, however, the Egyptian regime is facing a major cash flow crisis and is unable to finance the project:

The newspaper said that the Egyptian banks have stopped providing loans to the government for these projects.

As a result, Al-Sisi has called on Prime Minister Mustafa Madbouly to reduce the number of rural areas being developed from 100 to 50:

#AceFinanceDesk report …………Published: Dec.30:2020:

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