Afreximbank to Avail U.S.$10 Billion Under Its Gulf Crisis Response Programme

Afreximbank to Avail U.S.$10 Billion Under Its Gulf Crisis Response Programme

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.

Afreximbank unveils $10B plan to shield Africa & the Caribbean from Gulf crisis fallout

The conflict, which has disrupted global oil, LNG, fertilizer supplies, and key shipping routes such as the Strait of Hormuz, has hit import-dependent African and CARICOM countries hardest, while also affecting investment, tourism, and remittance flows.

Afreximbank to avail USD10 billion under its Gulf Crisis Response Programme (GCRP) to shield African and Caribbean Community (CARICOM) economies from the ongoing conflict

Through GCRP, Afreximbank has already begun taking proactive steps through partnerships with banks and corporates to secure fuel, other energy supplies, fertilizers and essential food imports. CAIRO, Egypt – 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 USD10 billion Gulf Crisis Response Programme (GCRP) to insulate Af…

Afreximbank earmarks US$10 billion intervention fund to shield African economies from global conflicts

By Bamidele Famoofo 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 escalated on 28 February 2026, has sent shockwaves t…

Afreximbank to avail US$10bln under its Gulf Crisis Response Programme

To shield African and CARICOM economies from the ongoing conflict

Afreximbank Rolls Out $10bn Support for Africa and CARICOM amid Gulf Conflict - Tech

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 impact of the ongoing Gulf crisis. The conflict, which escalated on 28 February 2026, has sent shockwaves through the global eco…