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...
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,...
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...
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...
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...
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...