In particular, the Foreign Exchange Commission has introduced a mechanism for the hedging of foreign exchange risks of up to $ billion, that does not imply the use of international reserves.
Particularly in 2004, we made some adjustment and improvement of NSL policy, including the establishment of risk compensation and market operation regimes to enable risk sharing among the fiscal sector, universities and the banks; the establishment of NSL management centers both at the state and provincial (autonomous regions and municipalities directly under the Central Government) levels to increase the administration responsibilities of education authority and reduce the loan-post cost and risk of the banks; the adjustment of interest subsidy and repayment policies, and extension of loan repayment period.