Membership

Representatives of the member institutions of the consortium, meet twice a year: at the beginning of the year for a Working Group Annual Meeting and mid-year for a General Assembly Annual Meeting. The General Assembly consists of risk management professionals from the respective member institutions and is concerned with the technical developments around data collection and application of GEMs output statistics, methodology, reporting and other developments as guided by the GEMs Steering Committee. The member institutions of the consortium currently include:

They talk about GEMs:

“GEMs is the jewel of the international development banking community. (…) I’m convinced that the participation of IBRD, as part of the World Bank Group, will further strengthen our cooperation to achieve the objectives set by the UN in the field of the Sustainable Development Goals” –Werner Hoyer, President of the European Investment Bank (EIB)

 

Full article on the EIB website

They talk about GEMs:

“GEMs fulfills a vital role in overcoming informational hurdles. High-quality data must be readily available, accessible and standardized for an adequate assessment of risks to spur cross-border investment in EMDEs. I am very happy that IBRD is joining the consortium.” –Joaquim Levy the Managing Director and Chief Financial Officer of the World Bank

Full article on the World Bank website

They talk about GEMs:

Introductory Guide to Infrastructure Guarantee Products from Multilateral Development Banks: “A possible way around the scarce historical data is to use MDBs’ portfolio information. In this regard (…) A study comparing infrastructure projects’ PD and LGD from GEMs database to those obtained from commercial datasets could provide further evidence of the halo effect …”

Full publication on the IDB website

Membership eligibility criteria

In addition to the Steering Committee Members, the membership of the GEMs Risk Database Consortium shall be limited to:

  • Entities within or funded by the public sector (such as MDBs) which have as their role and function the financing and development of emerging markets;
  • International Financial Institutions established by treaty; and
  • Any other entity that the Steering Committee may consider eligible to become a Member and that may contribute to the furtherance of the GEMs Consortium’s goals.

If you’d like to inquire about the membership, please contact the GEMs Secretariat via the form below. The final decision on applications for membership will be made by the GEMs Steering Committee.

You are an eligible institution? Why should you join GEMs?

To have access to the GEMs database webtool

That enables to clean, update and analyse your data and the consortium overall data as well as calculate credit default rates, recoveries and rating migrations

To benefit from the GEMs User Guide

Which presents the latest credit risk statistics calculated out of the most recent available data set

To receive guidance on data and methodology

From  the GEMs Secretariat on your own data set and the application of the GEMs statistics in your internal risk management processes

To Network and stay up-to-date

On the most recent discussions on IFI risk management best practices during regular working groups calls and bi-annual in-person meetings
For information about joining the GEMs Consortium, please contact us.