Afreximbank Lifts Its CARICOM Financing Cap to US$5 Billion

Caribbean governments used the fifth Africa-CARICOM Day to press a shared trade, finance and reparatory-justice agenda, with Afreximbank's regional financing ceiling now at a record US$5 billion.

Afreximbank has raised its CARICOM financing ceiling to a record US$5 billion, and Caribbean governments used the fifth Africa-CARICOM Day on September 7 to press a shared trade, finance and reparatory-justice agenda.

It is the region's most direct South-South money-and-standing story, small states leaning on African institutions to diversify away from traditional Western lenders.

Source: Afreximbank.