IFC Treasury & Mobilization reposted this
I had the privilege of participating in the "Hedging Currency Risk: Innovative Lending Strategies for SMEs in Africa" workshop at MIT on October 1-2. This event brought together investment professionals, bankers, entrepreneurs, and DFIs to tackle the critical issue of foreign currency risk for African #SMEs. It was an enriching experience to join the fireside chat with Hoda Moustafa, Richard Greenberg, and Paddy Carter, where we discussed the pivotal role of DFIs in mitigating #currency risks. I found the conversations incredibly insightful. We focused on practical strategies to mitigate #FX risks and foster collaboration among key stakeholders. The insights we gathered will help shape a white paper aimed at making financing more affordable and accessible for African SMEs. Huge thanks to the Legatum Center for Development and Entrepreneurship at MIT and the Kuo Sharper Initiative KSI for organizing this fantastic event, and to Dina Sherif and Sayuri Sharper for hosting. Excited to see the positive impact of these innovative solutions! #FX #Localcurrency #Finance #SMEs #Africa #RiskManagement #DFIs #MIT #IFC #CurrencyRisk