Emerging Markets Investors Alliance and GIFT: Promoting Fiscal Transparency
The Emerging Markets Investors Alliance, in partnership with GIFT (Global Initiative for Fiscal Transparency), aims to educate institutional investors about fiscal transparency and facilitate investor advocacy with governments. Through roundtable discussions and engagements with finance ministers, the Alliance encourages demand for open budget data and advances fiscal transparency commitments across different regions. The initiative also explores opportunities to engage investors through technology for better financial insights.
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The Emerging Markets Investors Alliance and GIFT
The Emerging Markets Investors Alliance and The Emerging Markets Investors Alliance and GIFT GIFT The Alliance educates institutional investors about fiscal transparency and facilitates investor advocacy with governments. To educate investors, the Alliance leverages the expertise of GIFT and GIFT partners (e.g., International Budget Partnership, IMF, World Bank, PEFA). To facilitate investor advocacy, the Alliance organizes roundtable discussions with GIFT partners viz., senior finance ministry officials and fiscal transparency experts and institutional investors. Emerging Markets Investors Alliance 1
Engaging Investors Through Technology Engaging Investors Through Technology The Emerging Markets Investors Alliance does not currently engage investors in using digital or open data tools. The Alliance seeks partners to help explore whether investors could use digital or open data tools. Emerging Markets Investors Alliance 2
Creating Investor Demand for Open Budgets Creating Investor Demand for Open Budgets Investors are interested in budget transparency but have not previously had the support of the GIFT community in demanding open budget data. The Emerging Markets Investors Alliance can encourage finance ministers to strengthen fiscal transparency. The Alliance works with governments that issue debt in international markets. Example: Investors and GIFT partners met with South African Finance Minister Nhanhla Nene during Spring 2018 Meetings of the World Bank and IMF. Investors affirmed their interest in seeing South Africa move forward on topics including public participation in budgeting, oil/mining transparency, and accrual accounting. Emerging Markets Investors Alliance 3
GIFT GIFT- -Related Commitments Related Commitments The Emerging Markets Investors Alliance will organize: High-Level roundtables to advance fiscal transparency commitments by governments Each roundtable will include 4 institutional investors, 4 finance ministers, and 4 fiscal transparency experts. Roundtables will be region-specific (e.g., Central America, South America, Sub- Saharan Africa, Asia, etc.) Roundtables will meet twice per year around the World-Bank IMF Meetings Events to educate investors about fiscal transparency Conference calls, panel discussions, etc. with GIFT members as speakers Emerging Markets Investors Alliance 4
