IDB Launches FX EDGE to Unlock Private Investment
Spain, July 1 -- The Inter-American Development Bank (IDB) today launched FX EDGE, a new platform to help countries attract more private investment in sustainable development. Designed to provide tools to policymakers - a blended-finance and project-preparation facility, a liquidity facility, and an FX-derivative program - to overcome one of the oldest and most pressing barriers to investment, currency volatility, FX EDGE aims to increase resilience and unlock capital. FX EDGE builds on Brazil's Eco Invest, a pioneering collaboration between the IDB and the Brazilian government and enabled by technical cooperation from the UK. Eco Invest, in its first mobilization effort via a blended financing auction, is already expected to attract $8 bil...
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