The World Bank Group has stated that would encourage investors to look at the untapped opportunities in emerging markets with fresh eyes.
A recent statement on the website of the multilateral lender stated that the proprietary statistics revealed the credit risk profile of private and public sector investments in emerging markets.
“Making this data publicly available is the latest in a concerted effort to drive more private sector investment to emerging and developing economies,” the bank noted.
Two separate reports the World Bank recently released include the International Bank for Reconstruction and Development sharing sovereign default and recovery rate statistics dating back to 1985 and the International Finance Corporation providing private sector default statistics broken down by internal credit rating.
Speaking on the reports, the World Bank Group President Ajay Banga, said, “We believe our proprietary information should be a global public good and sharing it will provide transparency and inspire investor confidence. The publication of this data is aimed at one goal: getting more private sector capital into developing economies to drive impact and create jobs.”
The IBRD report showed sovereign default data covering the period 1985 to 2023 while the IFC’s private sector default statistics have been compiled over nearly 40 years and published as a standalone report to respond to the urgent need of investors for emerging market insights.
