The publication discusses the credit performance of loans to both private and public counterparts. The average annual default rate for private entities, at 3.56%, is comparable to that of many non-investment-grade companies in advanced economies, while the recovery rate of 72.2% exceeds several global benchmarks. Although the GEMs data reflects the distinct experiences of MDBs and DFIs, these findings offer important insights into the investment risks in EMDEs, a region often lacking comprehensive credit risk data.

GEMs default statistics publication on private and public lending 1994-2023

Global Emerging Markets Risk Database (GEMs)