Proparco re-invests in frontier currency guarantee fund TCX
The “Currency Exchange Fund”, initiated by several European development institutions and governments and with a capital of $1.1 billion, has seen its currency operations in sub-Saharan Africa double by 2021. It works solely in support of institutions.
30/09/2022 at 17h00, by Africa Business+
A French addition to TCX or Currency Exchange Fund, the fund specialises in guaranteeing via futures and swaps the risk of “frontier” currencies and works exclusively with development finance institutions (DFIs) to secure their operations in local currencies or to enable them to lend in these same currencies.
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