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...
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...
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...
MDBs Loans: A New Asset Class for on and off Balance Sheet
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...