Perspective
11 February 2019
Bright ideas: DFIs up local currency lending
Region:
Middle East & Africa, Americas
Development finance institutions (DFIs) are increasing their local currency finance as they look to alleviate borrower's FX risks and manage unsustainable hard currency reliance in emerging markets. But local currency financiers have lessons to learn as expensive bond issues can add to debt burdens, rather than solve them.
