EDFI launches new EU-funded guarantee tackling currency convertibility and transferability risks for renewable energy projects
The EDFI Management Company (EDFI MC) launched a new guarantee facility, the T&C Facility, to cover transferability and convertibility (T&C) risks for renewable energy projects located in countries facing significant foreign exchange reserve constraints. EDFI MC, a common platform established by European DFIs to deliver innovative financing facilities in partnerships with the EU institutions, will administer the facility on behalf of Proparco, for a total amount of EUR 26.2 million.
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