PM Madbouly directs allocating LE 400M per month for Informal Settlements Development Fund

  • Date: 23-Sep-2020
  • Source: Egypt Today
  • Sector:Economy
  • Country:Egypt
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PM Madbouly directs allocating LE 400M per month for Informal Settlements Development Fund

CAIRO – 23 September 2020: Egypt's Prime Minster Mostafa Madbouly directed, Wednesday allocating LE 400 million per month for the Informal Settlements Development Fund (ISDF).

During a Cabinet meeting, Wednesday, Madbouly discussed with minsters of Planning and Economic Development Hala Al-Saeed, Minister of Finance Mohamed Maait, Minister of Housing Asim Al- Gazzar; the government plan to develop slums.

Prime Minister Madbouly affirmed during the meeting that the coming period will witness the implementation of a plan adopted by the government to develop several existing cities.

He explained that the government realize the existing challenges that have been accumulated since several years ago; however, the government will work with its plan to eliminate these