In the wake of the destructive force of Hurricane Beryl, the African Export-Import Bank (Afreximbank) has pledged a generous donation of over half a million US dollars to assist with relief and reconstruction efforts in various Caribbean nations that were severely impacted by the storm in July. The aftermath of Hurricane Beryl left a trail of devastation especially in Grenada’s islands of Carriacou and Petite Martinique, as well as in St Vincent and the Grenadines with islands like Union Island and Mayreau bearing the brunt of the disaster. Jamaica, St Lucia, and Barbados also felt the effects of the first hurricane of the 2024 Atlantic hurricane season.
- Afreximbank’s Strategic Initiative:
Afreximbank, as a top Pan-African financial institution devoted to supporting and fostering both intra- and extra-African trade, expressed its solidarity with the affected Caribbean nations through a letter delivered by its acting chief operating officer at the Caribbean office, Okechukwu Ihejirika. The President and Chairman of the Board of Directors, Professor Benedict Oramah, emphasized the importance of standing with the countries during this challenging time. - Partnership Pact with CARICOM:
Professor Oramah highlighted that the impacted countries are among the 11 Caribbean Community (CARICOM) states engaged in a partnership treaty with Afreximbank. He acknowledged the resilience of the Caribbean people, expressing confidence that their strength will prevail amidst the adversity brought about by the hurricane. - Commitment to Address Climate and Health Emergencies:
In addition to fulfilling its trade and development objectives, Afreximbank is committed to proactively supporting countries in managing global climate and health crises. With a focus on the escalating frequency and intensity of disasters like hurricanes in Africa and the Caribbean, the bank is dedicated to providing assistance in times of need.
In conclusion, as the Caribbean nations begin the arduous task of rebuilding and recovering from the devastation caused by Hurricane Beryl, Afreximbank’s generous donation stands as a beacon of hope and support. By standing in solidarity with these countries, the bank demonstrates its commitment to fostering resilience and assisting communities in times of crisis. Together, through collaboration and unity, nations can overcome the challenges posed by natural disasters and emerge stronger than before.
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