Post by Harald Hirschhofer

Affordability of currency risk hedging is one of the most often mentioned barriers to sustainably finance development. As Ruurd Brouwer announced in his post, TCX is actively addressing this challenge. The European Commission has given TCX crucial support to make hedging more affordable. We agreed to use these resources for a wide range of projects and purposes, ranging from supporting infrastructure projects of the Global Gateway to widening access to clean and affordable energy in low income countries. It will be a good model to discuss at the COP in Belem. Thank you to all the many colleagues at DG INTPA, EDFI MC, and TCX which made this innovative risk sharing idea a reality. And many thanks in advance for all your interest and efforts to apply and use it. Ruurd Brouwer, Sara Velco, CFA; Lauréline Pla; Paulus Geraedts; Fadila Hamdane; Sophie Lainé; Kay Parplies; Elif Erkul; Jerome Pirouz; Marije Uilenreef; Nicolas Picchiottino; Barbara B.; Fulvio Capurso; Maria Netto; Lucca Rizzo; Barbara Buchner; Barry Eichengreen; Ivan Oliveira; Laure Blanchard-Brunac; Professor Andreas Klasen;

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