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 over USD 200 million in the Fund.
These investments significantly raise TCX’s risk bearing capacity and are a clear sign of the commitment and resolve of these investors to strengthen the resilience of borrowers in frontier and emerging markets by offering them protection against currency risk.
Please read more in our press release and/or watch the below recording of the celebratory ‘virtual’ event with the investors that took place on November 12th, 2020.