WASHINGTON, September 24, 2009 - The World Bank’s Board of Executive Directors today approved the following project: IBRD Loan: US$300 million Terms: Commitment Linked; Variable Spread Project ID: P112346 Project Description: The Affordable Mortgage Finance Program Development Policy Loan Program for the Arab Republic of Egypt aims to support reform of the current system of inefficient and poorly targeted supply-side subsidies for housing for the broad low and middle income sector and replace them with a transparent and economically efficient demand-side subsidy system. Media Contact Dina El-Naggar (202) 473-3245 delnaggar@worldbank.org For more project information, please visit: http://web.worldbank.org/external/projects/main?pagePK=64283627&piPK=73230&theSitePK=40941&menuPK=228424&Projectid=P112346 |
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