IFC, Citigroup launch $98m facility to cut currency risk in South Africa
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The International Finance Corporation and Citigroup have agreed on a 1.6 billion rand borrowing facility to expand local currency financing in South Africa, according to Reuters. The deal is aimed at helping businesses access funding in rand rather than foreign currencies, reducing the risks that come with exchange rate swings. In many developing economies, companies […]
read more IFC, Citigroup launch $98m facility to cut currency risk in South Africa
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Source: This article was originally published by Business Day Nigeria. All rights reserved to the original publisher.
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