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Colombia first to expand use of World Bank hedging products.
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M2 Presswire
- Article date:
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April 24, 2006
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Copyright informationCOPYRIGHT 2006 M2 Communications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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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 ...