WASHINGTON, March 29, 2018 - The World Bank’s Board of Executive Directors today approved the following project:
PAKISTAN HOUSING FINANCE PROJECT
IDA Credit: US $145 million
Terms: Maturity = 5 years (60 months), Grace = 25 years
Project ID: P162095
Project Description: The Pakistan Housing Finance Project will support Government of Pakistan’s vision and strategy for hous-ing development. The project will extend financial and technical assistance to Pakistan Mortgage Refi-nancing Company, the Planning Commission, and other institutions to increase availability of mortgage financing for households. Nearly a third of country’s population does not own homes and this pressure is rising with growing demand.
