In an effort to support African and Caribbean economies affected by the ongoing Middle East conflict, multilateral trade finance institution African Export-Import Bank (Afreximbank) reports that it will make available $10-billion under its Gulf Crisis Response Programme (GCRP). The bank states that the programme aims to limit economic shocks affecting countries that rely on fuel, liquefied natural gas (LNG), fertilisers and food imports from the Gulf region. It does this by providing short-term foreign exchange and liquidity support to member States.
