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Currency Choice


By matching the currency of assets and liabilities, clients can mitigate the impact of foreign exchange volatility on public budgets and development programs.


Case studies:
Local currency financing strengthens education project in Colombia

Uruguay accesses local currency financing despite underdeveloped swap market

> More

In addition to major currencies, IBRD financing is available in a growing list of local currencies. Some of the ways clients can access local currency include:

  • currency conversion options embedded in IBRD loans
  • stand-alone currency hedging transactions
  • local currency bonds tied to IBRD loans

In blue, see where IBRD can offer local currency. Even in countries with evolving or non-existent local currency swap markets, we have found ways to offer local currency. See product note here for additional information.


Contact us to see if a local currency solution is possible in your country.