The ALCB Fund features as a case study in FSD Africa's Impact Report. FSDA work to reduce poverty by strengthening Africa’s financial markets. The fund supports the development of African capital markets through local currency bond issues – including in fragile states. The main benefits include private sector entities being able to access more flexible short term capital that is more sustainable in the long term than external borrowing, and issuers being able to reduce maturity, currency, refinancing and interest rate risks.
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