Africa: Gulf Shock, African Protect

Africa: Gulf Shock, African Protect

Cairo, Egypt — Africa’s multilateral lender, African Export-Import Financial institution, has authorised a $10 billion emergency facility to protect African and Caribbean economies from the fallout of escalating tensions within the Gulf, as policymakers race to comprise a recent wave of worldwide financial disruption. The lender’s board signed off on the Gulf Disaster Response Programme…

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Africa: Gulf Shock, African Protect

Afreximbank to Avail U.S.$10 Billion Beneath Its Gulf Disaster Response Programme (Gcrp) to Defend African and Caricom Economies From the Ongoing Battle

To counter the extreme financial shocks triggered by the escalating battle within the Center East, the Board of Administrators of African Export-Import Financial institution (Afreximbank) has accepted a US$10 billion Gulf Disaster Response Programme (GCRP) to insulate African and Caribbean economies, monetary establishments and corporates from the impacts of the continued Gulf disaster. The battle,…

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