The meeting of the African Caucus of the World Bank Group and the International Monetary Fund (IMF) took place from 1 ^to 3 August 2024 in Abuja. On the occasion, the Executive Vice President of African Import-Export Bank (AfreximBank) said that the institution plans to double its financing of intra-African trade from 20

Held under the theme “Facilitating Intra-African Trade: Catalyst for Sustainable Development in Africa”, the African Caucus meeting aimed to identify the main challenges that Africa faces in achieving full integration and to engage in strategic dialogues. ecological to find sustainable solutions. According to Haytham ElMaayergi, Executive Vice President of Afreximbank, en charge de la Global Trade Bank, "serif">AfreximBank had been a champion of intra-African trade facilitation since its inception and committed $1 billion to support the financing of the AfCFTA Adjustment Fund as well as a $10 million grant to facilitate the establishment and operational implementation of this fund. In collaboration with the AfCFTA Secretariat and the AU, the Bank has set up a US $10 billion Adjustment Fund to help countries participate effectively in the AfCFTA. ہ At the end of December é 2023, the total assets and guarantees of the Bank were é raised à approximately 37.3 billion US dollars and the funds of its shareholders were 'é valued at à 6.1 billion