A global fund builtfor local currency
Founded in 2007, TCX is a development finance initiative that enables long-term local currency financing in emerging and frontier markets.
Founded in 2007, TCX is a development finance initiative that enables long-term local currency financing in emerging and frontier markets.
Make local currency a standard part of development finance
By combining the collective strength of development finance institutions world-wide, TCX protects borrowers from currency mismatch, enables lenders to offer financing that fits local cash flows and contributes to deeper, more transparent local currency markets.
Follow our progress
Learn more about TCX’s performance, impact and governance through our reports, and follow the latest transactions, partnerships and developments from across the Fund.
Backed by leading development finance institutions and governments
TCX shareholders and investors include the European Commission, governments (The Netherlands, Germany, UK, Switzerland, France), major development finance institutions, and several impact investment vehicles.
Governance designed for a specialist risk mandate
TCX combines a development mandate with institutional governance, independent oversight and specialist risk management. Its governance framework is designed to protect the Fund's capital while maintaining additionality in the markets it serves.
Meet the people behind the Fund
TCX relies on a group of experienced and dedicated professionals, with backgrounds in many different fields, including investment banking, derivative/currency trading, development finance, macroeconomic forecasting, consulting, risk management and law.
