The Central African Republic will be a shareholder of Afreximbank

The African Export-Import Bank (Afreximbank). Photo: RR

NEWSROOM (ADV) – The African Export-Import Bank (Afreximbank) has a new recruit: the Central African Republic, which formalized its membership in the pan-African institution of trade finance Wednesday in Cairo, announced Afreximbank in a statement reached our editorial office. A delegation led by Claude Rameaux Bireau, Minister of State and Economic Adviser to the President, proceeded to deposit the instrument of ratification of the agreement, in the presence of the Ambassador of the Central African Republic in Egypt, Clément Bilege .

This accession is indeed only the first step towards effective participation of the Central African Republic in the capital of Afreximbank. According to Claude Rameaux Bireau, who has spoken out right now, the Central African is already preparing to become a shareholder of the Bank. He will join the other 50 African member countries and shareholders of Afreximbank, knowing that in his turn, the pan-African financial institution meets both the public and private sectors.

Already as an affiliate, the Central African Republic will now have access to the full range of products and services offered by Afreximbank, including trade finance facilities, business information and advisory services, financing services and more projects or support for the formulation of a policy for the implementation of industrial parks and special economic zones.

This accession of the Central African Republic to Afreximbank and its upcoming entry into the Bank’s round table demonstrates Bangui’s willingness to be a real player in the current momentum that is being built for greater intra-African trade, with moreover the Project Area Continental Free Trade. This is a further step for the government in its move to position the Central African Republic on the international trading scene, although it is still necessary to deal with the country risk that is not always reassuring for business, as the World Bank points out. in its first edition of Cahiers Economique of the Central African Republic published last June. And that’s why membership in Afreximbank can help the country.

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