Tag
PATIMFA
Afreximbank has disbursed 150 million dollars to First Bank of Nigeria Ltd., under it’s Pandemic Trade Impact Mitigation Facility (PATIMFA).
Afreximbank will use the $500 million proceeds from the signed agreement with MUFG Bank for its Pandemic Trade Impact Mitigation Facility.
The fund is designed to support and stabilize the foreign exchange resources of African countries.