The Currency Exchange Fund (TCX) is thrilled to announce that the European Commission (EC), with the support of KfW, the International Finance Corporation (IFC) – on behalf of the International Development Association (IDA) – and Proparco invested a significant amount in the Fund.
The commitment of these investors allows us to expand our role as market maker for market risk in exotic currencies and strengthen the resilience of borrowers in frontier and emerging markets
A (virtual) signing celebration will take place on November 12th, at 5:00 pm Amsterdam time, through Microsoft Teams. If you would like to join this live event, please add it to your calendar by clicking here.
The program for this (short) event is as follows:
|5:00||Opening and welcome||Ruurd Brouwer, CEO TCX|
|5:05||Statements by the investors||European Commission – Mr. Koen Doens, Director General DEVCO|
|KFW – Mr. Guenther Braeunig, CEO|
|IFC – Ms. Stephanie von Friedeburg, Interim Managing Director and Executive Vice President, and COO|
|Proparco – Mr. Gregory Clemente, CEO|
|5:25||Closing remarks||Ruurd Brouwer: “Making development finance more resilient.”|