The Currency Exchange Fund (TCX), a Cardano Development company has announced 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.
Signing celebration ‘Scaling Up Resilience Against Currency Risk’ from TCX on Vimeo.
