On January 8th, 2019, the Financial Times reported on the switch to local currency lending by development agencies. The article also goes into hedging, mentioning TCX’s hedging capabilities in a wide range of currencies. It also highlights the increasing issuance of local currency bonds by DFIs, and the subsequent hedging of the resulting local currency payment obligations by TCX, calling TCX the ‘kings of the wild frontier’.

Please find the article here or find it at the Financial Times website here.