WASHINGTON, March 20, 2020 - The World Bank’s Board of Executive Directors today approved the following project:
Egypt - Inclusive Housing Finance Program-for-Results - Additional Financing
IBRD Loan: US$500 million
Project ID: P168582
Loan maturity: 35 years – Grace period of 5 years
Project Description: The project will improve the affordability of formal housing for low-income households in the Arab Republic of Egypt and strengthen the Social Housing and Mortgage Finance Fund’s (SHMFF) capacity to design policies and coordinate programs in the social housing sector.