2 April 2019

Global Emerging Markets (GEMs) Risk database

Written by European Investment Bank (EIB) and the International Finance Corporation (IFC)
2 April 2019

The Global Emerging Markets (“GEMs”) Risk Database Consortium is the world’s largest default and loss database for the emerging markets business of International Financial Institutions (“IFIs”). It pools data on credit default rates from customers funded by the contributing IFIs, their rating migration and the recovery rates of defaulted projects. As of the end of 2017, the GEMs provides unique information on credit risk for International Financial Institutions (IFIs) representing a real alternative, in line with Risk Management best practices and Basel II regulation, to the statistics published by rating agencies.

The database includes cohorts of active counterparties from 1988 onwards. In 2017 GEMs database reports around 9,000 counterparts, 1,900 default events and 2,600 resolved contracts. This makes it the world's largest default and loss database for the emerging markets business of IFIs. The database includes counterparts from three main risk categories: Privates, Publics and Sovereigns. Approximately 86% of counterparts are operating in the private sector, while 10% are public authorities and 4% sovereign governments.