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Afreximbank, International Islamic Trade Finance Corporation (ITFC) and Arab Bank For Economic Development in Africa (BADEA) launch Collaborative COVID-19 Pandemic Response Facility (“COPREFA”), US$1.5bn Facility to Support African Resilience and Recovery amid Global Pandemic
COPREFA will be accessed by eligible central banks, commercial banks and businesses to finance the import of medical supplies as well as agricultural equipment
The African Export-Import Bank (Afreximbank) (www.Afreximbank.com), the pan-African multilateral EXIM bank, partners with the International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), the Trade Finance Arm of the Islamic Development Bank (IsDB) Group; and the Arab Bank For Economic Development in Africa (BADEA) (www.BADEA.org), to launch a US$1.5-billion Collaborative COVID-19 Pandemic…