President of the World Bank Group, Ajay Banga, has visited a residential project under the presidential “Housing for All Egyptians” initiative in 10th of Ramadan City. The World Bank Group President commended the quality standards of the units provided to low-income citizens and highlighted the availability of integrated services near residential areas. At a press conference following the visit, Banga affirmed his intention to explore further avenues of cooperation with the Egyptian government to promote growth and prosperity. While noting that many social housing programs exist worldwide, Banga described Egypt’s initiative as the largest of its kind globally financed by the World Bank. She revealed that $850m of the total World Bank financing has already been disbursed, with an additional $150m planned for release this year.

Source: Daily News Egypt March 03, 2026 17:16 UTC