"G20, COP30 and African Union Heads of State, Finance Ministers, Central Bank Governors and Institutional Investors: A global blueprint to modernise risk measurement, correct structural mispricing, and scale resilient, investable markets across Africa and emerging economies.
For twenty years, global capital markets have operated with a structural blind spot — one that has cost beneficiaries USD 6 trillion and slowed the world’s green industrial transition.
Global portfolios have systematically under-allocated over USD 6 trillion by under-weighting EM assets for 20 years, the largest systemic inefficiency in modern fiduciary history.
This framework directly complements the G20 Cost of Capital Roadmap by providing the
fiduciary-efficiency architecture needed to translate transparency reforms into portfolio-level capital re-weighting. South Africa's G20 Presidency can correct this through a global Fiduciary Efficiency Initiative, integrating GEMs3.0 data, IFRS standards and AU 5% investment mandates.
Doing so would restore fiduciary discipline and unlock trillions for the global green industrial transition, without new taxes or donor pledges.
Why This Matters for Ministers of Finance:
• Enhances sovereign debt sustainability without fiscal expansion.
• Reduces EM borrowing costs by 150–400 bps through actuarial transparency.
• Mobilises private capital for energy, transport and industrialisation without new taxes or donor pledges.
• Strengthens pension solvency ratios through higher long-term returns.
• Complements and operationalises the G20 Cost of Capital Roadmap.