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Tackling the Shelter Challenge : Developing the Mortgage Market in Egypt

ACCESS TO FINANCE AFFORDABILITY AFFORDABLE HOUSING AFFORDABLE HOUSING PROGRAM AMOUNT OF LOANS ASSETS BALANCE SHEET BANKING SECTOR BENEFICIARIES BOND BORROWINGS CAPITAL MARKET CAPITAL MARKET LAW COLLATERAL COMMERCIAL BANKS CONSUMER CREDIT CONSUMER PROTECTION CORRUPTION CREDIT BUREAU CREDIT RISK CREDIT-WORTHINESS DEPOSITS DISCLOSURE STANDARDS EMERGING MARKETS ENABLING ENVIRONMENT EQUAL ACCESS FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL INTERMEDIARIES FINANCIAL LITERACY FINANCIAL MARKETS FINANCIAL PRODUCTS FINANCIAL SECTOR FINANCIAL SECTOR REFORMS FIXED RATE FORECLOSURE FORECLOSURE PROCESSES FOREIGN CAPITAL GOVERNMENT BUDGET GOVERNMENT SUBSIDIES GREATER ACCESS GROWTH RATES HOME OWNERSHIP HOUSEHOLDS HOUSING AFFORDABILITY HOUSING FINANCE HOUSING SUBSIDIES INCOME INCOME LEVEL INCOMES INSTALLMENT INSTALLMENT SALE INSTITUTIONAL FRAMEWORK INSTITUTIONAL INFRASTRUCTURE INTEREST RATE ISSUANCE JOB OPPORTUNITIES KEY CHALLENGE LIQUIDITY LIQUIDITY FACILITY LOAN LOAN MATURITIES MARKET EXPANSION MARKET MECHANISMS MATURITY MATURITY MISMATCH MATURITY STRUCTURE MORTGAGE MORTGAGE BONDS MORTGAGE COMPANIES MORTGAGE FINANCE MORTGAGE LENDERS MORTGAGE LENDING MORTGAGE LOAN MORTGAGE LOANS MORTGAGE MARKET MORTGAGE MARKETS MORTGAGE SECURITIES MORTGAGES NBFI NON-BANK PAYMENT DEFAULTS PLEDGES PORTFOLIO PRIMARY LENDERS PRIMARY MARKET PRIVATE CREDIT PRIVATE CREDIT BUREAU PRIVATE SECTOR DEVELOPMENT PUBLIC HOUSING REAL ESTATE REAL ESTATE FINANCE REFORM PROGRAM REGISTRATION FEES REGISTRATION SYSTEM REGULATOR REGULATORY ENVIRONMENT REGULATORY FRAMEWORK RENT CONTROL RESIDENTIAL MORTGAGE SECONDARY MORTGAGE SECONDARY MORTGAGE MARKET SECURITIZATION STABLE SOCIETIES SUPERVISORY AUTHORITY TERM DEPOSITS TITLES TRANSPARENCY UNDERWRITING
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World Bank, Washington, DC
Middle East and North Africa | Egypt, Arab Republic of
2012-08-13T13:16:33Z | 2012-08-13T13:16:33Z | 2012-02

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.

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