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FX Risk in Development: Managing Currency Risk through Blended Finance Solutions

01 February 2017 - Brussels, Belgium

In February 2017, members of the development community and private sector convened at the European Commission for one of the largest workshops dedicated to identifying and advancing best-practice foreign exchange (FX) risk solutions. FX risk is one of the most significant barriers to sustainable development in developing countries. More than 90% of debt financing to developing countries is denominated in foreign currency, causing the most vulnerable and least-equipped borrowers to bear the risk of debt crises in times of local currency depreciation. The workshop was hosted by the European Commission, Organisation for Economic Cooperation and Development (OECD), Association of European Development Finance Institutions (EDFI), Convergence, and The Currency Exchange (TCX).