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Egypt: Third Financial Sector Development Project

May 25, 2010

IBRD Loan: US$500 million
Terms: Maturity = 28.5 years; Grace = 7 years
Project ID: P120470
Project Description: The main objective of the project is to build a more inclusive, efficient, diversified, and resilient financial system. This system will be led by private institutions and operate within a stronger regulatory, supervisory and legal environment, which will contribute to improved intermediation, expanded access to finance, and sustained growth of the Egyptian economy and combat the adverse consequences of the global economic crisis.

Media Contacts
Hafed Al-Ghwell
Tel : (202) 473-8930