Global Emerging Markets Risk Database (GEMs)
Leveraging data from multilateral development banks and development finance institutions to support investment and development
Private Lending 1994-2023
Annual default rates and averages – private counterparts
Recovery rates by region – private lending
Public Lending 1994-2023
Annual default rates and averages – public counterparts
Recovery rates by region – public lending
Sovereign and Sovereign-guaranteed Lending 1984-2023
Distribution of recovery rates (percentage of all defaults)
Annual default rates and averages, by ten-year period
GEMs Engages Galytix/PwC to Develop New Credit Risk Platform
Luxembourg, 25 September 2025—The Global Emerging Markets Risk Database (GEMs) Consortium today announced a major step forward in its mission to contribute to unlocking private investment in emerging markets and developing economies (EMDEs) with the appointment of a...
Unlocking clean energy investment: Overcoming perceived risks in emerging markets
New publications by GEMs Consortium offer further insights into emerging market credit risk
New publications by GEMs Consortium offer further insights into emerging market credit risk Two new publications by Global Emerging Markets Risk Database (GEMs) Consortium provide granular default and recovery patterns for over three decades of development finance,...
