IBRD Loan: USD$500 Million
TERMS: Maturity = 30 years; Grace Period = 5 years
PROJECT DESCRIPTION: The objective of the Second Financial Sector Development Policy Loan is to build a more competitive financial system, with sound banking and non-banking financial institutions, led by the private sector, and able in the medium-term to provide efficient financial services. This second operation will assist Egypt to strengthen the enabling environment for financial intermediation, resource mobilization and risk management, and increase private participation in the provision of financial services.
