KfW, IFC, Proparco and EFSD make up TCX’s latest financing ($200m)
The Currency Exchange Fund (TCX), a vehicle created in 2007 to tackle currency risk in developing economies, has once again attracted the attention of donors. It is working to strengthen its position in Africa during the health crisis.
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▪ KfW, IFC, Proparco and EFSD make up TCX’s latest financing ($200m)
▪ The Currency Exchange Fund (TCX), a vehicle created in 2007 to tackle currency risk in developing economies, has once again attracted the attention of donors. It is working to strengthen its position in Africa during the health crisis.
▪ https://www.africabusinessplus.com/en/806106/kfw-ifc-propoarco-and-efsd-make-up-tcxs-latest-financing-200m/
The Amsterdam-based vehicle called upon the support of the European Commission, successfully leading to an agreement worth around $150m. The funds were provided by the European Fund for Sustainable Development (EFSD) and set up by KfW, the German development bank, as a partner.
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