France, June 30 -- The Inter-American Development Bank (IDB) and the Council of Europe Development Bank (CEB) signed today in Paris, in the margins of the meeting of the Heads of Multilateral Development Banks (MDBs) Group, a landmark €500 million Exposure Exchange Agreement (EEA). This is the first transaction between the two institutions, the first EEA ever executed in a currency other than the U.S. dollar, and the first of its kind for the CEB. The agreement allows both institutions to further optimize the use of their capital resources, strengthening their ability to scale development financing.An Exposure Exchange Agreement is a financial instrument that allows MDBs to diversify risks by exchanging their exposures across regions....