Tahya Misr Fund

The Story of Tahya Misr (Long Live Egypt) Fund

On June 24, 2014, President Abdel Fattah El-Sisi gave up half of his salary (42,000 Egyptian pounds, then about 5,900 US dollars) and half of his wealth to Egypt's Tahya Misr Fund. He called upon Egyptians to exert their maximum effort and cooperate in light of the country's challenging economic conditions.

On July 1, 2014, the Presidency of the Arab Republic of Egypt announced the launch of "Tahya Misr" Fund to activate the previously-announced initiative by the President to establish a fund in support of the economy. The Presidency issued a statement saying: “This step comes in recognition of the critical time the country is going through and the hard economic and social conditions that moved their positive feelings towards their homeland. These conditions have also revealed the national determination and the true will of the great Egyptian people to shape a promising future that reflects Egypt’s rich heritage and its people’s sacrifices.”

Believing in the necessity of utilizing our full capacities and potentials, a major tool for nation-building in the light of the challenges faced at all levels, particularly the economic one, the Central Bank of Egypt (CBE) opened the door to donations from Egyptians all over the world in all Egyptian banks on account number 037037. The Fund is to be under the direct supervision of the President of the Arab Republic Egypt.

Objectives of the Fund:

• Achieving sustained and comprehensive economic growth and alleviating poverty.
• Meeting the needs of the most financially-disadvantaged.
• Establishing partnerships between local, regional and international sectors, a preliminary step for sustainable development.
• Encouraging the private sector participation along with the government agencies concerned in the development process.