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30Sep

GEMs’ Enhanced Recovery Statistics Are Yet To Provide Sufficient Transparency And Quality For Detailed Analysis

PARIS (S&P Global Ratings) June 4, 2024--For the first time, the Global Emerging Markets Risk Database (GEMs) Consortium has released its default and recovery figures publicly. S&P Global Ratings' cross-practice working group on blended finance and the climate finance gap has analyzed the report, which was published March 25 and compiled using data and disclosures from multinational lending institutions (MLIs)...

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27Sep

Global Investors Back African NDCs as Platform to Build a World-Leading Green Technologies Manufacturing Hub

New York, September 24, 2024Global institutional investors, representing over $50 trillion in assets as universal owners, have committed to supporting Africa’s Nationally Determined Contributions (NDCs) by assisting governments in transforming them into investable, bankable projects. At the African NDC Institutional Investment Summit, held during New York Climate Week alongside the UN General Assembly, institutional investors, governments, and philanthropies explored Africa’s $3-7...

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23Sep

SMI Africa Council to Host GEMs 3.0 Investor and Philanthropy Consultation at New York Climate Week

The SMI Africa Council (SMIAC) will host a high-level, invitation-only consultation for institutional investors and philanthropists during New York Climate Week, focused on GEMs 3.0—a groundbreaking data and analytics platform initiative aimed at scaling investments in Africa, emerging markets, and developing economies (EMDEs). This closed-door event is designed to explore new approaches to leveraging Global Emerging Markets Risk (GEMs) data...

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22Aug

Reinstate GEMs 2.0 on the G20 Agenda Now: Letter to G20 Brazil Presidency

Dear G20 Brazil Presidency and G20 Leaders, I write to you today with a profound sense of urgency, calling upon the leadership of Brazil’s G20 Presidency to reinstate the exclusion of the GEMs 2.0 (Global Emerging Markets Risk Database) recommendations implementation from the Brazil G20 agenda. This decision threatens the financial stability and development prospects of our continent, exacerbating the economic,...

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11Jul

Private Capital Mobilisation – why we need to speak up, not just pay up

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...

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27Mar

GEMs Consortium Issues More Granular Data; Critics Seek More Transparency

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...

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23Jan

Bankers Push World Bank to Unlock Secret Data For Climate Loans

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...

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23Dec

Africa investor announces GEMs3.0 at COP28 Finance Day in Dubai

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...

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27Sep

Remarks of Mahesh K. Kotecha, CFA, President of Structured Credit

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...

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23Jun

Unlock our hidden Gems: Costs to Developing Countries of MDBs not democratising investor access to GEMS risk Database

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...

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