EG Inclusive Housing Finance Program Additional Financing (WB-P168582)

Countries
  • Egypt
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
May 31, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of Egypt
The holder of the loan, grant, or other investment.
Sectors
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 500.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 500.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Jul 26, 2019

Disclosed by Bank Apr 9, 2019


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Project Description

According to bank documents, the objective of the Program is to improve the affordability of formal housing for low-income households in the Arab Republic of Egypt and to strengthen the Social Housing Mortgage Finance Fund's capacity to design policies and coordinate programs in the social housing sector.

Investment Description
  • World Bank (WB)
Contact Information

World Bank:
Name : Laurent Gonnet
Designation : Lead Financial Sector Specialist
Role : Team Leader(ADM Responsible)
Telephone No : 5352+4161
Email : lgonnet@worldbank.org 

Name : Jean Michel Lobet
Designation : Senior Financial Sector Specialist
Role : Team Leader
Telephone No : 458-0948
Email : jlobet@worldbank.org 

Name : Laila Ashraf AbdelKader Ahmed
Designation : Financial Sector Specialist
Role : Team Leader
Telephone No : 5772+4461
Email : labdelkader@worldbank.org 

Borrower:
Borrower : Arab Republic of Egypt
Contact : Assem El Gazzar
Title : Minister
Telephone No : 27921442
Email : mic@mhousing.gov.eg 

ACCOUNTABILITY MECHANISM OF WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.