Africa: Tanzania to Coordinate Gulf States, Africa Dialogue in October

Africa: Gulf Shock, African Shield

Cairo, Egypt — Africa’s multilateral lender, African Export-Import Bank, has approved a $10 billion emergency facility to shield African and Caribbean economies from the fallout of escalating tensions in the Gulf, as policymakers race to contain a fresh wave of global economic disruption. The lender’s board signed off on the Gulf Crisis Response Programme (GCRP),…

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Africa: Tanzania to Coordinate Gulf States, Africa Dialogue in October

Afreximbank to Avail U.S.$10 Billion Under Its Gulf Crisis Response Programme (Gcrp) to Shield African and Caricom Economies From the Ongoing Conflict

To counter the severe economic shocks triggered by the escalating conflict in the Middle East, the Board of Directors of African Export-Import Bank (Afreximbank) has approved a US$10 billion Gulf Crisis Response Programme (GCRP) to insulate African and Caribbean economies, financial institutions and corporates from the impacts of the ongoing Gulf crisis. The conflict, which…

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