The African Development Bank (AfDB) has approved a $25 million investment in the TCX Local Currency Exchange Fund to facilitate access to local currency financing on the continent. Announced on Wednesday, September 17, this decision is part of AfDB’s strategy to reduce African borrowers’ exposure to exchange rate risks. The investment targets primarily fragile countries,...
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AfDB invests $25 million in TCX, a local currency exchange fund
Amadjiguéne Ndoye
Economic journalist with a Master’s degree in Communication and Journalism from the Higher Institute of Information and Communication Sciences in Dakar (ISSIC). Avid reader and music enthusiast. Feminist at heart and passionate about fashion.
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