Philenews

From Social Support to Crisis Management: The Rise in Revenues, the 'Emily' Bomb, and the Future of the Fund

Published January 18, 2026, 05:00
From Social Support to Crisis Management: The Rise in Revenues, the 'Emily' Bomb, and the Future of the Fund

The controversial video released under the name “Emily Thompson,” alleging a corruption mechanism within the Presidential Palace, has brought the Independent Social Support Fund (ISSF) back into the spotlight. Allegations of suspicious funding to the President of the Republic, through the fund managed by his wife, Philippa Karsera, have led to widespread demands for full transparency. President Christodoulides, following his wife's resignation from the fund's management committee, has stated he is considering its abolition, but remains cautious about transferring it to the State Scholarships Foundation. The ISSF was founded in 2015 by Andri Anastasiades, with the aim of providing financial support to children at risk of dropping out of their studies due to the economic crisis. The fund is financed exclusively by private donations and does not burden the state budget. Its committee includes the President's wife, the Accountant General of the Republic, and representatives from the Ministries of Education, Health, and Labor. The fund's revenues have increased significantly in recent years, during the Christodoulides administration. This increase has heightened concerns about transparency and fund management. The government is under pressure to disclose details about funding sources and beneficiaries. The political parties have differing approaches. DISY proposes revising the law to maintain the fund, while AKEL and other parties advocate for its abolition. The final decision is expected to be made at the next meeting of the Council of Ministers, while the case is closely monitored by public opinion and the media.