Global Emerging Markets (GEMs) Risk Database

Global Emerging Markets Risk Database (GEMs) Consortium is the largest credit risk databases for the emerging markets operations of its member institutions – multilateral development banks and development finance institutions. The primary purpose of the database is to provide pooled data on credit default rates from projects funded by the participating institutions and recovery rates from defaulted projects. As the database is a collection of data from several institutions the results are a better representation of the entire market than any individual institution of the Consortium could have on its own. The database comprises sovereign, public and private counterparts across a wide range of loan and guarantee types.

GEMs was established in 2009 as a joint initiative between the European Investment Bank (EIB) and the International Finance Corporation (IFC). Since then, the GEMs consortium has grown to include all major MDBs and DFIs worldwide.