TCX partners with EU to subsidise frontier currency lending
![AdobeStock_foreign_currency_575x375_22Feb2021](https://assets.euromoneydigital.com/dims4/default/b569765/2147483647/strip/true/crop/575x375+0+0/resize/840x548!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2Fff%2F46%2Fc81e6c73c20be6056511757dde0b%2Fadobestock-foreign-currency-575x375-22feb2021.jpg)
TCX is working with the European Commission to encourage more local currency lending. The experimental project will reduce the costs of cross-currency basis swaps for development lending.
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