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Caribbean Eyes New Export-Import Bank

Caribbean Eyes New Export-Import Bank

Published 3 days, 3 hours ago
Description

The Caribbean is poised to launch its own regional export-import bank, backed by Afreximbank, aiming to unlock affordable long-term financing for development projects. With a proposed $5 billion investment boost and nearly $700 million already approved since opening its Barbados office, Afreximbank is deeply committed to Caribbean growth—especially in infrastructure, trade, and climate resilience. The Caricom EXIM Bank, currently under review, could revolutionize regional finance by addressing longstanding funding hurdles and tailoring support to the Caribbean’s unique economic needs.

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