- $10bn facility targets fuel, food and FX shocks
- Gulf conflict exposes Africa’s import vulnerabilities
CAIRO, EGYPT — Afreximbank has launched a $10bn emergency programme to shield African and Caribbean economies from the global fallout of escalating conflict in the Gulf region.
The African Export-Import Bank said its Board of Directors approved the Gulf Crisis Response Programme (GCRP) to cushion economies, financial institutions, and corporates from severe external shocks triggered by the crisis.
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