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...
