The Inter-American Growth Financial institution (IDB) plans to broaden a brand new programme enabling regional growth banks to transform US dollar-denominated loans into native foreign money at a less expensive price by way of a novel cross-currency swap transaction.
A contingent cross-currency swap commerce, the primary of its variety to be executed by a multinational growth financial institution, was accomplished in June with the Banco Nacional de Desenvolvimento Econômico e Social (BNDES), one of many largest sovereign-owned debtors in Latin
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