Afreximbank in the Era of the AfCFTA
- 10.2991/jat.k.211208.002How to use a DOI?
- AfCFTA; Afreximbank; industrialisation; intra-African trade; trade finance
The African Export-Import Bank (Afreximbank) was established in 1993 as a crisis management institution on the heels of the Latin American debt crisis of the 1980s. It has since grown into Africa’s foremost regional integration bank, and is playing a critical role in supporting the implementation of the African Continental Free Trade Area (AfCFTA). In addition to raising resources dedicated to the expansion of intra-African trade and the diversification of sources of growth, Afreximbank has bolstered its trade facilitation programmes and drawn on digitalisation to build an integrated payments system to assuage liquidity constraints and sustainably boost cross-border trade and growth. This paper reviews various innovative measures and facilities deployed by the bank to finance and leverage more resources toward a successful realisation of the AfCFTA.
- © 2021 African Export-Import Bank. Publishing services by Atlantis Press International B.V.
- Open Access
- This is an open access article distributed under the CC BY-NC 4.0 license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - JOUR AU - Benedict Oramah PY - 2021 DA - 2021/12/17 TI - Afreximbank in the Era of the AfCFTA JO - Journal of African Trade SP - 24 EP - 35 VL - 8 IS - 2 (Special Issue) SN - 2214-8523 UR - https://doi.org/10.2991/jat.k.211208.002 DO - 10.2991/jat.k.211208.002 ID - Oramah2021 ER -