Negotiations with WB on $500m Loan FinishedSource: www.export-egypt.com 3/21/2015, Location: Africa |
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Housing Minister Moustafa Madbouly announced on 21/03/2015 that negotiations were complete with the World Bank (WB) to obtain a 5-year loan at the value of USD 500 million to support the comprehensive program of low-cost housing.
Eng. Khaled Abbas, the assistant to the minister for technical affairs said that an agreement was signed between the ministries of housing and international cooperation, as representatives for the Egyptian government, and the World Bank to obtain the loan. |
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