OPEC signs loan agreement with Afreximbank to fund foreign trade
The OPEC Fund for International Development (OPEC Fund) has signed a US$80 million term loan agreement with the African Export-Import Bank (Afreximbank) to finance international trade activities directly among corporates or through financial intermediaries. The OPEC Fund is stated to assist in boosting Afreximbank’s liquidity to grow its loan portfolio as it finances exports and […]
