Press release article from our research archive:

Colombia first to expand use of World Bank hedging products.

M2 PRESSWIRE-24 April 2006-WORLD BANK: Colombia first to expand use of World Bank hedging products(C)1994-2006 M2 COMMUNICATIONS LTD

RDATE:22042006

WASHINGTON - The Government of Colombia and the World Bank signed on Thursday April 20, 2006 an ISDA Master Agreement that will allow the Government of Colombia to use a range of hedging products to assist in managing the currency and interest rate risks of its sovereign debt portfolio.

Commenting on this agreement, Kenneth Lay, The World Bank Deputy Treasurer said, "Colombia will have access to valuable tools for sovereign debt management. Prudent use of hedging products can strengthen government risk management and ...

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