AMSTERDAM

Hedge it for good
Celebrating 15 years of de-risking development finance

14 & 15 September 2022


Welcome in

Amsterdam

In 2007, a group of development finance institutions decided action was needed to protect their clients against the exchange rate volatility that came with their lending practices in hard currency. TCX was created as a collective initiative to provide a solution to currency risk and protect the financial stability of borrowers in emerging markets.

Since then, TCX has de-risked over $10 billion in development finance loans and has established itself as a catalyst for the development of currency markets. The Fund offers solutions for over 100 currencies worldwide with tenors up to 30 years and has been crisis-tested more than once. Today’s volatile environment proves the need for an institution that can offer currency risk protection at scale.

Together with you and other partners of the development finance community, we will celebrate past successes and look at the opportunities and challenges that lie ahead for local currency financing. We look forward to welcoming you in Amsterdam. Register now!

Countdown

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TCX Anniversary Conference 2022

Welcome

We would like to invite you to the Royal Tropical Institute in Amsterdam to celebrate TCX’s 15th anniversary during a 2-day program filled with inspiring keynotes, panels, music and art

Together, we will look ahead to the coming years of local currency finance and discuss what is needed to finance the UN Sustainable Development Goals in a financially sustainable way.

Currency Risk Solutions in a Volatile World

What can you expect?

• The latest insights on the future of development finance, currency risk redistribution and blended finance from our expert speakers
• A unique opportunity to network with development finance lenders, fund managers, commercial banks, borrowers and government officials
• A revisit of the ‘Original Sin’ paper that shaped the discussion around local currency finance and responsible financing practices
• Great music, good food, performances and…local currency birds!

Aftermovie 2017

Check the

Schedule

Join us for inspiring keynotes and panel discussions, supported by music and performances.
Download the complete program

14 September

Day 01.

  • 18.00 – 19.15 | Registration and cocktail reception
  • 19.15 – 21.00 | Walking dinner
18.00 – 19.15 | Registration and cocktail reception

Welcome remarks by Ruurd Brouwer (CEO, TCX)

Fireside chat: Revisiting the Original Sin

Ugo Panizza (Professor of Economics, Graduate Institute of Int. and Development Studies) and Harald Hirschhofer (Senior Advisor, TCX)

19.15 – 21.00 | Walking dinner

15 September

Day 02.

  • 08.00 – 09.00 | Registration
  • 09.00 – 09.20 | Opening & welcome remarks
  • 09.20 – 09.40 | Keynote speech
  • 09.40 – 10.45 PANEL: BIG IMPACT, BIG RISK: THE MULTILATERAL APPROACH TO LOCAL CURRENCY
  • 10.45 – 11.15 | Coffee break
  • 11.15 – 11.30 | SIGNING CEREMONY: TCX WELCOMES A NEW INVESTOR
  • 11.30 – 12.00 | Keynote speech
  • 12.00 – 12.30 | Bills & Birds
  • 12.30 – 13.30 | Lunch
  • 13.30 – 14.30 PANEL I A: HEDGING CURRENCY RISK FOR RESILIENT GROWTH
  • 13.30 – 14.30 PANEL I B: CLIMATE FINANCE & CURRENCY RISK—THE CATALYTIC EFFECT OF PROPER FX RISK MANAGEMENT ON A CLEAN TRANSITION
  • 14.30 – 15.20 PANEL 2 A: INNOVATION SUCCESS: MARKET CREATION & CAPITAL MARKET DEVELOPMENT
  • 14.30 – 15.30 PANEL 2 B: HOW TO REDUCE PUBLIC SECTOR CURRENCY RISK EXPOSURE AND DEBT VULNERABILITIES
  • 15.30 – 16.00 | Coffee break
  • 16.00 – 16.15 | Break it down: An interactive panel debrief
  • 16.15 – 16.45 | Keynote speech
  • 16.45 – 17.00 | Closing remarks
  • 17.00 – 18.30 | Cocktail reception
08.00 – 09.00 | Registration
09.00 – 09.20 | Opening & welcome remarks

by Judith Bogner (Master of Ceremony) and Lakshmi Shyam-Sunder (Chair of the Supervisory Board TCX & VP, World Bank Group)

09.20 – 09.40 | Keynote speech

by Steven Collet (Director of Sustainable Economic Development & Ambassador for Business and Development, Ministry of Foreign Affairs of the Netherlands)

09.40 – 10.45 PANEL: BIG IMPACT, BIG RISK: THE MULTILATERAL APPROACH TO LOCAL CURRENCY

Moderated by Marjeta Jager (Deputy Director General, European Commission) and by Judith Bogner (Master of Ceremony)

Panel discussion featuring the lenders:
Jürgen Rigterink (First Senior VP, EBRD)
Suzanne Gaboury (Director General, ADB)
Lakshmi Shyam-Sunder (VP, World Bank Group)
Maria Shaw-Barragan (Director for Lending in Africa, Caribbean, Pacific, Asia and Latin America, EIB)

Responses from the borrowers
Mirza Gelashivili (Deputy Minister of Finance, Georgia)
Valentina Antill (Citigroup)

Q&A

10.45 – 11.15 | Coffee break
11.15 – 11.30 | SIGNING CEREMONY: TCX WELCOMES A NEW INVESTOR
11.30 – 12.00 | Keynote speech

by Ann Pettifor (Political Economist and Author)

12.00 – 12.30 | Bills & Birds

Featuring Arjan Dwarshuis (World Champion Bird Watching)

12.30 – 13.30 | Lunch
13.30 – 14.30 PANEL I A: HEDGING CURRENCY RISK FOR RESILIENT GROWTH

Moderated by Soren Andreasen (CEO, EDFI)

Panel discussion featuring:
Axel van Nederveen (Treasurer, EBRD)
Hélène Keraudren-Baube (CFO, Grameen Crédit Agricole)
Francoise Lombard (CEO, Proparco)
Tim Armbruster (Treasurer, KfW)

13.30 – 14.30 PANEL I B: CLIMATE FINANCE & CURRENCY RISK—THE CATALYTIC EFFECT OF PROPER FX RISK MANAGEMENT ON A CLEAN TRANSITION

Moderated by Barbara Buchner (Global Managing Director, Climate Policy Initiative)

Panel discussion featuring:
Andrew Herscowitz (Chief Development Officer, US DFC)
Mansoor Hamayun (CEO, BBoxx)
Andrew Johnstone (Director & CEO, Climate Fund Managers)

14.30 – 15.20 PANEL 2 A: INNOVATION SUCCESS: MARKET CREATION & CAPITAL MARKET DEVELOPMENT

Moderated by Othman Boukrami (Co-CIO & Head of Trading, TCX)

Panel discussion and Q&A featuring:
Isabelle Laurent (Deputy Treasurer & Head of Funding, EBRD)
Neha Gupta (MD, Bank of America Merrill Lynch)
Kevin Kime (Principal Financial Officer, Treasury, IFC)
Pim Arends (Senior Treasury Officer, FMO)

14.30 – 15.30 PANEL 2 B: HOW TO REDUCE PUBLIC SECTOR CURRENCY RISK EXPOSURE AND DEBT VULNERABILITIES

Moderated by Sony Kapoor (Macroeconomist & author, European University Institute)

Panel discussion and Q&A featuring:
Mirza Gelashivili (Deputy Minister of Finance Georgia)
Thor Jonasson (Deputy Division Chief, IMF)
Aude Pacatte (Director, Head of Portfolio Management EMEA, EBRD)

15.30 – 16.00 | Coffee break
16.00 – 16.15 | Break it down: An interactive panel debrief

by Judith Bogner (Master of Ceremony)

16.15 – 16.45 | Keynote speech

A way out of the energy, climate, macro and development crisis—what role should local currency lending play?
by Sony Kapoor (Macroeconomist & Author, European University Institute)

16.45 – 17.00 | Closing remarks

by Ruurd Brouwer (CEO, TCX)

17.00 – 18.30 | Cocktail reception



Meet the

Speakers

With the confirmed speakers and panel members, we have a unique line up of professionals.
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Judith

Bogner

Judith Bogner is Master of Ceremony of this event and works as a journalist, television presenter, event facilitator and commentator for international finance, business and geopolitics based between the UK and Germany.


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Lakshmi

Shyam-Sunder

Mrs Lakshmi Shyam-Sunder joined the TCX Supervisory Board in May 2015 and is Chair since May 2022. Mrs Shyam-Sunder is Vice President and Chief Risk Officer of the World Bank Group, a position she has held since 2014.


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Jürgen

Rigterink

Jürgen Rigterink is the First Vice President and the Head of the Client Services Group at the European Bank for Reconstruction and Development.


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Ann

Pettifor

Ann Pettifor is a political economist and author of The Case for the Green New Deal, The Production of Money, and The Coming First World Debt Crisis.


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Steven

Collet

Director Sustainable Economic Development Department, Ambassador for Business and Development,
Ministry of Foreign Affairs of the Netherlands


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Ugo

Panizza

Ugo Panizza is Professor of Economics and Pictet Chair in Finance and Development at the Graduate Institute of International and Development Studies.


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Suzanne

Gaboury

Suzanne Gaboury is Director General of the Private Sector Division at the Asian Development Bank.


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Mirza

Gelashvili

Mirza Gelashvili is Deputy Minister of Finance of Georgia. He is responsible for Macro-Fiscal Frameworks, Debt Management and Fiscal Risk Management.


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Othman

Boukrami

Othman is TCX’s co-CIO and responsible for managing TCX’s derivatives pricing and trading activities, and the Fund’s portfolio and liquidity.


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Maria

Shaw-Barragan

Maria Shaw-Barragan is Director for Lending in Africa, Caribbean, Pacific, Asia and Latin America at the European Investment Bank.


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Axel

van Nederveen

Axel van Nederveen is Managing Director and Treasurer of the European Bank for Reconstruction and Development.


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Arjan

Dwarshuis

Arjan is a professional bird watcher, writes columns for Natuurhuisje.nl, Vivara and Het Parool among others, and produces a podcast series called “The Bird Spotcast”.


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Françoise

Lombard

Françoise Lombard is CEO of Proparco.


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Hélène

Keraudren-Baube

Hélène Keraudren-Baube is the CFO of Grameen Crédit Agricole Foundation.


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Andrew M.

Herscowitz

Andrew M. Herscowitz is the first Chief Development Officer (CDO) at U.S. International Development Finance Corporation (DFC). As CDO, Herscowitz leads the DFC’s efforts to pursue the most highly developmental projects in less developed countries.


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Barbara

Buchner

Dr. Barbara Buchner is Global Managing Director of Climate Policy Initiative. Named one of the 20 most influential women in climate change and one of the 100 most influential people in climate policy, Barbara advises leaders on climate, energy, and land use investments around the world.


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Mansoor

Hamayun

Mansoor Hamayun is Co-founder and CEO of Bboxx, a next generation utility, transforming lives and unlocking potential through the provision of affordable, reliable, and clean energy.


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Isabelle

Laurent

Isabelle Laurent is the Deputy Treasurer and Head of Funding at the European Bank for Reconstruction and Development.


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Neha

Gupta

Neha Gupta is a Managing Director in the Emerging Markets FICC Sales team at Bank of America.


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Andrew

Johnstone

Andrew Johnstone is the CEO of Climate Fund Managers (CFM), the creator and manager of large climate focused blended finance facilities which operate across Africa, South East Asia and Latin America.


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Sony

Kapoor

Sony Kapoor is an influential macroeconomist, finance expert, development specialist and sustainability adviser with a long track-record of successfully tackling policy, business, and societal challenges.


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Kevin

Kime

Kevin Kime is Principal Financial Officer in the Treasury and Blended Finance Departments of the International Finance Corporation.


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Aude

Pacatte

Director, Head of Portfolio Management EMEA: European Bank for Reconstruction and Development


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Thor

Jonasson

Thor Jonasson is a Deputy Division Chief in the Debt Capital Markets Division in the IMF Monetary and Capital Markets Department.


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Søren

Peter Andreasen

Søren Peter Andreasen is the CEO of the Association of European Development Finance Institutions (EDFI) and the Chairman of the EDFI Management Company.


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Pim

Arends

Pim Arends is a Senior Treasury Officer at FMO. He is responsible for the funding, hedging and liquidity management activities of FMO.


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Harald

Hirschhofer

Harald Hirschhofer is Senior Advisor at TCX. A trained macro-economist, he joined TCX at its foundation in 2008 to implement a macro-fundamental based pricing approach for currency hedging in small frontier markets.


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Valentina Antill

Antill

Valentina Antill is Global Head of Cross-Border and Public Sector Solutions (XPS) at Citigroup. Throughout her 28-year career in finance she has been unwavering enthusiast for frontier markets.


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Tim

Armbruster

Tim Armbruster joined KfW in March 2020. He is Treasurer and Head of Financial Markets department and serves as a member of the Supervisory Board of The Currency Exchange Fund N.V.

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Marjeta

Jager

Marjeta Jager is currently Deputy Director-General for the Directorate-General for International Partnerships (DG INTPA).

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Ruurd

Brouwer

Ruurd Brouwer was appointed CEO of TCX in January 2015. Prior to joining TCX he held several senior management positions at FMO.



Location

Royal Tropical Institute (KIT)
Mauritskade 63 (main entrance)
1092 AD Amsterdam

How to get to the Royal Tropical Institute

By public transport

From Central Station: tram 14 (stop Alexanderplein)
From Sloterdijk: tram 19 (stop Eerste van Swindenstraat)
From Muiderpoort station: tram 3 (stop Linnaeusstraat)
From Leidseplein: tram 7 (stop Alexanderplein)

By car

Parking
QPark Oostpoort which is only a 10 minute walk from the venue.

Where to stay in Amsterdam
If you are planning to stay the night in Amsterdam, the following hotels are in close proximity of the event venue:

The Manor Amsterdam
The Manor Amsterdam is a 4-star hotel located in a former civilian hospital, a unique building in the East of Amsterdam.

Arena Hotel
The Arena Hotel is a 4-star hotel located in Oosterpark, next to the event venue.

The Lancaster Hotel Amsterdam
The Lancaster Hotel is a 4-star hotel in an Amsterdam town house located across the Amsterdam Zoo.

Hotel V
Hotel V is a 4.5 star-hotel next to Amstel Station overlooking the Amstel river skyline.

Please note that we cannot assist or advice with respect to bookings and do not have a discount code.

Find the

Location

Royal Tropical Institute (KIT)
Mauritskade 63 (main entrance)
1092 AD Amsterdam

Questions? Please contact Ilona Eichler: i.eichler@tcxfund.com
We look forward to welcoming you

Register

Please be advised that availability is running out fast! Registration will be on a first-come, first-served basis, so if you are planning to attend, avoid being disappointed and register now!