Brazil's government will announce on Monday new measures to help foreigners with foreign exchange hedges on their investments in sustainable development, while avoiding currency and fiscal risks for the Treasury, said two people familiar with the plan. The plan includes a new channel for about $2 billion in forex derivatives, contracted by the Inter-American Development Bank (IDB) and distributed in Brazil by the central bank, said the sources, who requested anonymity to discuss confidential plans. The initiative, leveraging the IDB's triple-A credit rating to facilitate longer-term and lower-cost currency derivatives to encourage foreign investment in Brazil's "green" development initiatives, is expected in an executive order.
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