The FX hedging conduit will channel long-dated derivatives through local banks to reduce currency risk for private investors.

The Inter-American Development Bank (IDB) and the Central Bank of Brazil have entered into a landmark agreement to provide up to US$3.4 b illio n in foreign-exchange hedging aimed at reducing currency risk and unlocking private investment for sustainable development. The initiative will initially support Brazil’s Eco Invest programme The initiative will initially support Brazil’s Eco Invest programme, which focuses on sectors such as renewable energy, the bioeconomy, resilient i