Development finance providers and policy makers must play a central role in expanding local currency financing and ensuring that the risks of currency volatility are not borne exclusively by those least able to manage them. Here are some short and long-term measures that can help. Continue reading Beyond hard currency: A new approach for development finance
By Ruurd Brouwer, CEO, TCX, and Barry Eichengreen, Professor of Economics and Political Science, University of California, Berkeley
Private-sector funding will be essential for raising the trillions of dollars needed to finance climate-change abatement and adaption projects in emerging and developing countries. The question is: will that finance be forthcoming?
Continue reading “Currency risk is stifling climate finance for developing countries. It should – and can – be mitigated”