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Kreditanstalt für Wiederaufbau

IFC and TCX strengthen partnership to support capital flows into world’s poorest countries

3 mins read

The FINANCIAL — IFC, a member of the World Bank Group, and The Currency Exchange Fund (TCX) have bolstered their partnership to promote cross-border investment flows by helping investors manage currency risk in the world’s poorest countries. IFC is investing $10 million in TCX for its own account and $40 million as the implementing entity of the International Development Association’s (IDA) Private Sector Window (PSW). The transaction is expected to increase the availability of affordable long-term local currency for local companies trying to expand and generate new jobs and financial opportunities to entities whose revenues are in local currency. Cross-border…

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IFC and TCX strengthen partnership to support capital flows into world’s poorest countries

3 mins read

The FINANCIAL — IFC, a member of the World Bank Group, and The Currency Exchange Fund (TCX) have bolstered their partnership to promote cross-border investment flows by helping investors manage currency risk in the world’s poorest countries. IFC is investing $10 million in TCX for its own account and $40 million as the implementing entity…