Currency fluctuations: How the Global Fund and PRs manage risk
ABSTRACT Currency fluctuations are a major concern for Global Fund stakeholders, particularly recipient countries whose domestic currency can experience significant shifts over relatively short periods of time. The strength of both the US dollar and the Euro in recent years has further exacerbated this issue for many countries. However, a significant portion of Global Fund grant monies are managed in ways that limit their vulnerability to such local shifts, thereby protecting grants from major losses due to unfavorable foreign exchange rates.
By Charlie Baran
June 11, 2018
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