World Bank approves $500M loan for social housing project in Egypt
A new US$500 million project will improve access to homeownership and rental units for low-income households in Egypt. The Egypt Inclusive Housing Finance Program, approved by the World Bank’s Board of Directors today, will reach 4.2 million people, including an estimated 1.6 million beneficiaries living below the poverty line and generate an estimated 1.5 million temporary construction jobs over a 5-year period, the life of the program.