February 18, 2025 (NO COMMENTS)

A group of multilateral development banks are planning to collaborate on identifying and creating foreign exchange hedging tools to help fund projects in emerging market nations.

The 10-strong group, which includes the World Bank, Inter-American Development Bank (IDB), and European Bank for Reconstruction and Development (EBRD), outlined plans in December to boost private capital investment in these economies by increasing the availability of local currency lending and FX hedging mechanisms.