The Currency Exchange Fund has announced that the European Commission (EC), with the support of Kreditanstalt für Wiederaufbau (KfW), the International Finance Corporation (IFC) on behalf of the International Development Association (IDA) and Proparco have invested over $200 million in the fund.

The investments, combined with the 2019 capital increase, raise TCX’s risk bearing capacity by 67% to $1.25 billion. This aggressive growth reflects the increased demand for local currency f...