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GEMLOC

ADVISORY SERVICES

The Global Emerging Markets Local Currency Bond Program (Gemloc) is a World Bank Group initiative that supports emerging market economies in developing their local currency bond markets. (Gemloc Factsheet PDF Download)

Gemloc comprises: 

Expert advice – World Bank advisers support and bolster countries’ own efforts to broaden and deepen local bond markets.

A global index – The GEMX index, managed by Markit (a global index provider), tracks local bonds in 24 emerging markets that meet minimum size and investability criteria.

A leading private investment management firm – PIMCO develops strategies that encourage investments  in local bond markets in emerging economies.

Gemloc-Eligible Countries

Thirty-four emerging market countries, with local bond markets totaling at least US$3 billion and five bonds with a minimum outstanding size of US$100million, can take advantage of Gemloc Advisory Services. Those countries that also meet investability criteria are already included in GEMX.