in Short
Crisis in the Middle East: Afreximbank deploys $10 billion
On March 31, 2026, Afreximbank approved a $10 billion facility to help African and Caribbean economies withstand Middle East crisis shocks, in coordination with UNECA and the African Union.
Amid economic disruptions triggered by the Middle East escalation since February 28, 2026, Afreximbank approved on March 31 a $10 billion response programme. The institution states the facility will secure critical imports, support FX liquidity and strengthen energy and logistics sectors across African and Caribbean economies, in coordination with UNECA and the African Union.
