The issue of designing effective instruments that protect long-term foreign investors from bouts of currency volatility in Brazil is crucial to helping lure capital for infrastructure in the years ahead, a financial industry group said on Wednesday.
Financial institutions are currently discussing how to create so-called hedging instruments so that foreign funds and the infrastructure industry invest in Brazil for the long term, said José Eduardo Laloni, a director at São Paulo-based Anbima, a group representing Brazilian investment banks and investment funds.
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