![Egyptian man rides a loaded donkey in the northern rural province of Menufiya on December 16, 2017 [MOHAMED EL-SHAHED/AFP via Getty Images]](https://i0.wp.com/d2.middleeastmonitor.com/wp-content/uploads/2020/12/egypt.jpg?fit=920%2C610&ssl=1)
Egyptian projects to develop infrastructure in 100 rural areas are facing severe financial crises and corruption, Lebanese newspaper Al-Akhbar has revealed.
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.
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