Afreximbank to Shield African and Caribbean nations from the economic shocks of the escalating Middle East conflict
The African Export-Import Bank (Afreximbank) has approved a $10 billion emergency facility known as the Gulf Crisis Response Programme (GCRP) to shield African and Caribbean nations from the economic shocks of the escalating Middle East conflict. Key Objectives of the GCRP involves Sustaining Essential Imports. Provides short-term foreign