IDB to start borrowing, lending in local currency

IDB to start borrowing, lending in local currency

Bonds

In a historic advance, Brazilian regulators have approved plans by the Inter-American Development Bank to lend and issue bonds in reais — taking it closer to local currency disbursements and borrowing for the first time ever. Brazil’s Consejo Monetario Nacional gave the multilateral the green light on Thursday, opening the way for the Bank to borrow in the local debt market, take out swap agreements and lend in Brazilian real. “This is the first time in the history of the IDB that this is possib

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