Dr Hubert Danso, Chairman and CEO of Africa Investor (Ai) Group, Chair, CFA Asset Owners Council, Co-Chair SMI Africa Council. The concept of Private Capital Mobilisation (PCM) is being touted as a big part of the solution to the ever-growing SDG and climate financing gap for emerging markets and developing economies (EMDEs) requiring additional trillions annually to 2050. Development experts and...
A consortium of international financial institutions, under pressure to be more transparent with a database called GEMs, has released aggregated data on the risk of investment around the world. Some potential users of the GEMs data quickly dismissed the data as too general to be helpful. “Lacking granularity so still not useful,” commented one investment portfolio manager, an opinion shared by several...
As the finance industry faces mounting pressure to play its part in fighting the climate crisis in the developing world, bankers point to a significant hurdle—one the World Bank and other public sector financiers have yet to remove. The problem, they say, is data. Executives from banks, including Citigroup Inc., say they could offer better rates and access to some of the world’s most debt-stressed...
Dubai, 4th December 2023 – Africa investor (Ai) unveiled the GEMs3.0 initiative today during COP28 Finance Day. Over the past decade, more than 500 private investors have asked the MDBs and DFIs to make the Global Emerging Markets Database (GEMs) database available to allow investors to gain a deeper understanding of investment risk in Emerging Markets and Developing Countries (EMDC’s), helping to...
International Corp. on the Scaling Up of Emerging Markets ESG Debt Financing at Sept. 19, 2023 CFANY Conference on “Filling the Global ESG Gap Before It’s Too Late!” on Sidelines of UNGA The Global Emerging Markets (GEMS) Risk Database was established by group of MDBs and Development Finance Institutions (DFIs). A granular disclosure of its delinquency and loss data is critical...
Africa investor’s call to action for Heads of State at Emmanuel Macron’s #NewGlobalFinancingPact #summit2023 in Paris this week: Democratize investor access to the Global Emerging Markets Risk database (GEMs), which costs Emerging Market and Developing Country (EMDC) borrowers over $15bn each year in extra costs and lost opportunities and to support the GEMs3.0 investor proposal: The GEMs database, owned by a consortium of...
Balance sheet management by multilateral development banks (MDBs) with structured financings is in its infancy but path-breaking deals by the African Development Bank (AfDB) and International Finance Corporation (IFC) show the way. Three MDB transactions are presented herein, involving about $13 billion in public and private sector MDB loans. Both of the AfDB deals totaling $3 billion are synthetic where...
