Egypt’s cabinet approves $500m social housing finance deal

Cairo – Mubasher: The Egyptian cabinet approved a draft presidential decree on a funding agreement with the International Bank for Reconstruction and Development (IBRD).

The agreement includes an additional funding of $500 million to the comprehensive programme for social housing, according to a statement on Wednesday.

The funding will help low-income earners find affordable housing and support the Social Housing and Mortgage Finance Fund.

Mubasher Contribution Time: 22-Jul-2020 14:51 (GMT)
Mubasher Last Update Time: 22-Jul-2020 14:51 (GMT)