Global Emerging Markets Risk Database (GEMs) Consortium

Leveraging data from Multilateral Development Banks and Development Finance Institutions to support investment and development.

GEMs, the Global Emerging Markets Risk Database, is one of the world’s largest credit risk databases for emerging markets. The database pools credit risk data and publishes default and recovery statistics on an annual basis in an effort to drive investments in emerging markets and developing economies.

GEMs was established in 2009 as a joint initiative between the European Investment Bank and IFC. Since then, the GEMs consortium has grown to include all major Multilateral Development Banks and Development Finance Institutions.

“The GEMs statistics challenge the conventional view that emerging markets are high-risk destinations for investment,” said Federico Galizia, Vice President, Risk and Finance, International Finance Corporation. “With 30 years of default frequencies and recovery rates, and now even further levels of disaggregation, GEMs shows that emerging market investments should be within the risk appetite of a broad range of investors.”

– Federico Galizia, IFC Vice President, Risk and Finance.