From the web: “World Bank set to loan Egypt $500 mn for housing project”

March 22, 2015 Uncategorized

Negotiations over a $500 million loan has been finalised between Egypt and the World bank, announced minister of housing Mostafa Madbouli in a press statement. The loan, allocated for the ‘social housing’ or the 1mn residential units project, will be paid back by Egypt over the course of five years.

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