China Eximbank provides $100 million loan to Afreximbank for short-term trade finance activities and medium-term project finance on-lending activities in May 2009

China Eximbank provides $100 million loan to Afreximbank for short-term trade finance activities and medium-term project finance on-lending activities in May 2009 On May 13, 2009, the Export-Import Bank of China and the African Export-Import Bank (Afreximbank) signed a $100 million trade and project financing facility agreement.

Under this facility, $20 million was used by Afreximbank to fund short-term trade finance activities and $80 million was channeled into medium-term project finance on-lending to its clients in support of the acquisition of a variety of Chinese goods and services from a broad range of sectors including: industry and agro-industry, telecommunications, energy and environmental protection, transportation, water supply, and sanitation.