Sharm el-Sheikh, 14 November 2022 - The Liquidity and Sustainability Facility (LSF) designed by the United Nations Economic Commission for Africa (ECA), in collaboration with African Export-Import Bank (Afreximbank), announces at COP 27 it has concluded its inaugural repo transaction with Citi for an amount of USD 100 million.
Open-ended investment funds, which allow investors daily redemptions of their investments, while their investments are in long-term illiquid assets, have the potential to spark a crisis.