Policy to minimize the effect of currency fluctuations on the commitment authority of GCF

Document cover for Policy to minimize the effect of currency fluctuations on the commitment authority of GCF
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Policy to minimize the effect of currency fluctuations on the commitment authority of GCF

Adopted by decision B.34/22. Sets out the approaches by which GCF will seek to manage its foreign exchange (FX) risk exposure to minimize the effect of currency fluctuations on the commitment authority of GCF.

Cover date 20 October 2022
Document type Policies, strategies, and guidelines
Theme Administration
Table of contents

  1. Objective

  2. Scope

  3. Definitions

  4. Hedging principles and application

  5. Implementation arrangements

  6. Monitoring and review