Today, The Currency Exchange Fund (TCX) has announced its 2022 annual results at the Annual General Meeting in Amsterdam. In 2022, TCX de-risked close to USD 1.4 billion of development finance loans to emerging and frontier countries – a record volume in the Fund’s 15-year history.
Despite the Ukraine invasion and subsequent volatility in the region, TCX made a modest profit of USD 8.9 million, confirming the sustainability of the Fund’s business model and its ability to protect low-income borrowers in times of crisis.
Please read more in our press release.
For the complete results, please find the 2022 Annual Report here.