Egypt. Draft bill to end debt conflict between Treasury, Social Insurance

The draft new social insurance and pensions bill prepared by the government and approved in principle by the House of Representatives last week includes mechanisms and measures that would resolve the existing and future debt crises between the Treasury Authority and the National Social Insurance Authority. The key features pertinent to conflict resolution are: The Treasury Authority pays to the National Social Insurance Authority a sum that increases annually by 5.7 percent for 50 years and that...