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TCX Impact Report 2021

TCX protects the most vulnerable from financial volatility emanating from #currencyrisk. But how do we report on #developmentimpact? Read about it in the 2021 Impact Report, out today! 👇 Some highlights:✔In 2021, we absorbed currency risk for USD 1.4 billion of #sustainablefinance loans into EM and frontier countries✔The majority of these loans support #MSMEs and 14% went to the non-financial sector✔De-risked […]

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Local Currency Lending is a Double Win: More Sustainability and Lower Financing Costs – April | 2022

Increasing debt management capacity for sovereigns will be a most crucial development challenge for decades to come. The COVID-19 economic shutdown caused a massive increase in debt and currency risk held by governments (Sikarwar, 2021). A recent study reported that 68 sovereigns received credit downgrades since March 2020 (OECD). Moreover, nations need further financing for SDGs and climate pledges.

Local Currency Lending is a Double Win: More Sustainability and Lower Financing Costs – April | 2022 Read More »

Understanding the role of development finance institutions in promoting development: an assessment of three African countries

In addition to being accountable to their shareholders regarding use of capital and ensuring positive financial performance, National Development Banks (NDBs) are also responsible for the development impact which arises from their interventions.

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Africa’s shift to funding sustainable power in local currencies: The opportunity for ECAs

Africa’s shift to funding sustainable power in local currencies: The opportunity for ECAs is Africa’s policy shift towards PPAs in local currencies an opportunity for ECAs to support the long-term sustainability of the energy sector? By Harald Hirschhofer, Senior Advisor at TCX , and Vivek Mittal, CEO of African Infrastructure Development Association.

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Fitch Affirms Bank of Industry at ‘B’/Stable; Upgrades National Rating to ‘AAA(nga)’

Fitch Ratings – London – 21 Sep 2021: Fitch Ratings has affirmed Nigeria-based Bank of Industry Limited’s (BOI) Long-Term Issuer Default Rating (IDR) at ‘B’ with a Stable Outlook. Fitch has also upgraded BOI’s National Long-Term Rating to ‘AAA(nga)’ from ‘AA+(nga)’, reflecting our view of an increased likelihood of support from the Nigerian authorities for

Fitch Affirms Bank of Industry at ‘B’/Stable; Upgrades National Rating to ‘AAA(nga)’ Read More »

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