Study of Afreximbank report in Senate

on 21st May, the Permanent Commission on Foreign Policy, International Cooperation and African Integration, reviewed the document issued by the Chamber of Deputies regarding the agreement for membership of Equatorial Guinea of the African Export-Import Bank in Central Africa, AFREXIMBANK.

The Government of the Republic of Equatorial Guinea wishes to join the African Export-Import Bank in Central Africa, AFREXIMBANK; the document requesting membership has already been examined by the Lower Chamber.

The members of the Permanent Commission led by the President of the Senate, Teresa Efua Asangono, began the second reading of the membership agreement and request to set up the headquarters of this bank in our country to cover the Central Africa area.

Afreximbank aims to facilitate, promote and develop national and international trade. It was founded in 1993, and has its main headquarters in the city of Cairo, the capital of Egypt, with regional offices in Abidjan (Ivory Coast) and Nigeria, which cover the area of West Africa, and the Republic of Zimbabwe, which covers the southern area of Africa.

During the analysis of the document, the senators gave their points of view with respect to the membership of our country, which would not only become a member State of the institution, but is also the best positioned candidate to have the regional office for the Central Africa subregion, given the strategic location of the country, and its climate of peace and social stability.

Source: Equatorial Guinea Press and Information Office

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