Mortgage Market Reform in Egypt

Nathan Associates Inc.

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Date Published December 1999
Primary Author Nathan Associates Inc.
Other Authors
Theme Legal Framework for Housing Finance , Risk Management of Housing Finance Institutions, Housing Finance Policy
Country Egypt, Arab Rep. of


This report is in response to a request from the Ministry of Economy and Foreign Trade (MEFT) to the Development Economic Policy Reform Analysis (DEPRA) Project, under contract to the United States Agency for International Development, Cairo, Egypt (USAIDIEgypt) (Contract No. 263-C-00-96-00001-00) with Nathan Associates Inc. The DEPRA project is intended to encourage and support macroeconomic reform in Esypt through the provision of technical assistance and services to the MEFT with particular focus on international trade and investment liberalization, deregulation and financial sector strengthening. This report and draft legislation was prepared-by a team of international and Egyptian consultants. The international consultants were Dr. Michael L. Unger, Team Leader and Financial Economist, Mrs. Elaine Weis, Housing Finance Specialist, Dr. Douglas Diamond, Housing Finance Economist. The Egyptians were Dr. Karim Kamel, Attorney, Dr. Moh'd Nour Shihata, Professor of Civil Procedures Law, and Dr. Samir Makary, Professor of Economics. Dr. Mohamed Kamel, Attorney, provided expert legal advice to the team. The team would like to acknowledge the excellent contribution and cllaboration of Dr. Ziad Bahaa Eldin,Legal Advisor to the Minister and Judge Ashraf Shoukri, both of the Ministry of Economy and Foreign Trade. Finally, the team would like to recognize Dr. James L. Walker, Chief of Party, DEPRA, Mr.Mohamed Wassim Saleh, Economist, and the entire DEPRA staff for their invaluable assistance in the preparation of this report. The views, conclusions and recommendations expressed herein are solely those of the authors and are not intended as statements of policy or opinion of either USAID, the MEFT, or the authors' parent institutions.

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