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Egypt currency drop may rise borrowing costs

By Ben Morales-Correa

Egypt currency may drop to a record low this year as economic growth slows the most in almost two decades. The currency, which fell to a six-year low of 5.9758 against the dollar on March 30, may drop to 6.3 by the end of this year, according to the median of five estimates compiled by... »

World Bank loans Egypt $300 million for housing program

By Ben Morales-Correa

Approximately 75 percent of newly formed households cannot afford to acquire a formal sector house without a subsidy and have to rent or own in the informal sector. Current supply side subsidies targeted to this income group and channeled through developers are not always efficient, transparent, or equitable. The Affordable Mortgage Finance Program will gradually... »



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