Building Bridges “G20 STOCK-TAKE: BEST PRACTICES OF MDBs AND SPECIALIZED MULTILATERAL INSURERS IN POLITICAL RISK INSURANCE FOR EQUITY INVESTMENTS, MEDIUM AND LONG TERM DEBT INVESTMENTS AND OTHER INSURANCE SOLUTIONS” ANNEXES A TECHNICAL REPORT G20 – International Financial Architecture Working Group (IFA-WG) PREPARED BY IsDB/ICIEC SEPTEMBER 2020 Table of Contents Annex I Survey Response Analysis 03 Annex II IFI and DFI Guarantee Operations 93 Annex III ECAs and EXIM Banks 129 Annex IV Basel Regulations 141 Annex V Private Insurers 163 Annex VI Global Overview BU Business 171 Annex VII Key Data IBRD Low Income Countries 197 Annex VIII Key Data IBRD Lower Middle Income Countries 287 Annex IX Key Data IBRD Upper Middle Income Countries 353 Annex X Key data Fragile States and Conflict Affected Countries 401 Annex XI Comparison MDBs and BU 409 Annex XII Supply and Demand Observations Regarding Potential Complementary Roles for MDBs and SMIs 415 Annex XIII MDB Co-Guarantee Blending Instrument 419 Annex XIV Case Studies 439 Annex XV Better Utilization of Guarantees by MDBs 455 Annex I Annex I Questionnaire Response Analysis 03 04 BUILDING BRIDGES I A TECHNICAL REPORT 2020 G20 Stock-Take: Best Practices of MDBs and Specialized Multilateral Insurers in Political Risk Insurance for Equity Investments, Medium and Long-Term Debt Investments and Other Insurance Solutions Annex I Questionnaire Response Analysis Introduction Under the G20 Presidency for the year 2020, the International Financial Architecture Working Group has requested MDBs to conduct a Stock-Take study on the use of political risk insurance for equity investment and MLT debt investments and other insurance solutions in developing countries. The key objectives of the Stock-Take study are to describe the current state of the insurance market for equity investments and MLT debt investments, identify best practices and potential gaps in the market and to provide recommendations on how identified gaps could be filled in developing countries, including fragile states.