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Monday, 23 March 2020

World Bank gives social housing funding program a USD 500 mn boost

World Bank gives social housing funding program a USD 500 mn boost: The World Bank is increasing by USD 500 mn the amount of funding provided under a program to develop low-income housing in Egypt, cabinet said in a statement citing a bank announcement last Friday. The loan brings the total amount committed by the bank to social housing to USD 1.3 bn, benefiting over 300k families since 2015, Social Housing and Mortgage Finance Fund CEO May Abdel Hamid said.

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