LATIN AMERICAN DAY 2014 Investment Finance Panel – October,

1 ● Global Investment and Official Development Flows towards Emerging Markets have strongly increased over the last 10 years ● Private Sector flows are volatile and subject to changes in the global macro-economic environment ● Unlike Private Flows, Official flows, including the investments of MDBs, have steadily increased over the last 10 years, showing constant support to Emerging Markets development ● This demonstrates the longer-term and countercyclical role of Official flows in fostering development projects in Developing Countries Investment Flows to Emerging Markets 1 Overall Compounded Annual Growth Rate % +10% Total Flows to developing countries, (US$ billion) Source: OECD, IMF, IIF -11% +35% CAGR +13% +18% +6%

2 How can German and Latin American companies benefit from ECAs and MDBs networks and services? Export Credit AgenciesMultilateral Development Banks Support for Direct Foreign Investment Guarantees and direct financing Diversified range of instruments (equity, debt…) Support for Long Term projects Country Risk mitigation Official support for exports to Emerging Markets Guarantees and insurance for export credits Short term instruments for periodic needs Country risk insurance

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