The State of Sustainable Investment in Key Emerging Markets

Abstract

Since 2009 International Finance Corporation (IFC) has produced a series of sustainable investment country reports covering major emerging capital markets attracting global portfolio investors: Brazil, India, China, Sub-Saharan Africa, the Middle East and North Africa (MENA), and Turkey. This report provides a snapshot of the findings of these country reports and seeks to identify common themes and trends across and highlight crucial differences among these markets. To support the growth of sustainable capital flows, IFC Advisory Services team seeks to influence, support, and enable capital allocation and portfolio management processes, using IFC's own investment practices as a model. IFC is playing its part in supporting the growth of the market by funding the development of enhanced stock market indices and financial instruments and through targeted market research. While this report seeks to capture the findings from the individual reports it does not reflect specific input from the authors themselves. Equally the synthesis and analysis reflects the thoughts of the author of this report not of the individual country reports. The report also consider the supply of financial capital in various classes and forms to listed and privately held firms with a consideration of the investment's impact on economic and social development or on investors' values.