Tackling the Shelter Challenge : Developing the Mortgage Market in Egypt

The Egyptian revolution has brought to the forefront the need to focus on job opportunities; transparency and accountability; a fair and competitive environment; as well as equal access to finance, land, and housing-especially for underserved segme...

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Bibliographic Details
Main Authors: Nasr, Sahar, Abdelkader, Laila
Format: Brief
Language:English
Published: World Bank, Washington, DC 2012
Subjects:
Online Access:http://documents.worldbank.org/curated/en/2012/02/15987985/tackling-shelter-challenge-developing-mortgage-market-egypt
http://hdl.handle.net/10986/10848
Description
Summary:The Egyptian revolution has brought to the forefront the need to focus on job opportunities; transparency and accountability; a fair and competitive environment; as well as equal access to finance, land, and housing-especially for underserved segments of society. Although the government of Egypt embarked on a macroeconomic and structural reform program in 2004, economic and social progress could not keep pace with the aspirations of many Egyptians, and spatial welfare disparities remained unchanged-contributing to the social discontent leading to the revolution. The housing sector tends to be a large part of the economy in most countries. It is a major factor in creating stable societies and a key indicator for social well-being.