Market Awareness Survey of MDB Securitisation

Introduction

Welcome to the Survey ' Market Awareness of MDB Securitisation'!

Your participation is much appreciated!

This 3-minute survey seeks to gauge market awareness of securitisation by MDBs.

All responses will be treated confidentially, and findings will be published on an aggregated basis.

The survey will contribute to a research project by Risk Control on MDB securitisation for the UK and Swiss Governments.

A public report will be published in September 2026.

Summary survey findings will be shared with all respondents.

Background references

A recent FCDO-MOBILIST program working paper describes transactions by MDBs: https://securitisation.mobilistglobal.com/wp-content/uploads/2025/10/MOBILIST-Research-Paper_Scaling-Securitisation-in-Development-Finance_FINAL.pdf

An earlier Risk Control paper describes the first MDB securitisation completed by AfDB in 2018: https://www.newmarketcapital.com/wp-content/uploads/2021/11/Room-to-Run_Risk-Control.pdf

Data Confidentiality Notice

The results of the project will be included in anonymised and aggregated form in the final report. The identity of respondents to the survey will be known only to the Risk Control team involved in verifying the quality of the data and will not be reported to anybody outside Risk Control.

Session management

The surveys must be completed within a single browser session. When you have completed the survey, click the submit button and your data will be included in the survey. If your browser session ends before you have completed the survey, you will have to re-submit your data.

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1. What is the name of your firm?

The firm name associated with your survey response will be treated confidentially and will not be revealed to anyone except the Risk Control team that checks the data quality of responses prior to them being collated and presented in an aggregated, anonymised form.

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2. Please provide a contact email address.

This email address will be used only to confirm the identity of the firm that has submitted the response to ensure data quality. It will not be revealed to anyone outside the Risk Control team that checks the data quality of responses prior to them being collated and presented in an aggregated, anonymised form.

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3. Are you aware that Multilateral Development Banks (MDBs) have started to use securitisation to optimise their balance sheets?

Yes

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4. Have you heard of any of the following transactions?

	Not aware	Some awareness	Good knowledge
African Development Bank (AfDB) 2018 Room2Run synthetic securitisation $1 billion non-sovereign loans	African Development Bank (AfDB) 2018 Room2Run synthetic securitisation $1 billion non-sovereign loans Not aware	African Development Bank (AfDB) 2018 Room2Run synthetic securitisation $1 billion non-sovereign loans Some awareness	African Development Bank (AfDB) 2018 Room2Run synthetic securitisation $1 billion non-sovereign loans Good knowledge
AfDB 2022 Room2RunS synthetic securitisation $2 billion sovereign loans	AfDB 2022 Room2RunS synthetic securitisation $2 billion sovereign loans Not aware	AfDB 2022 Room2RunS synthetic securitisation $2 billion sovereign loans Some awareness	AfDB 2022 Room2RunS synthetic securitisation $2 billion sovereign loans Good knowledge
IDB Invest 2024 Scaling4Impact synthetic securitisation $1 billion non-sovereign loans	IDB Invest 2024 Scaling4Impact synthetic securitisation $1 billion non-sovereign loans Not aware	IDB Invest 2024 Scaling4Impact synthetic securitisation $1 billion non-sovereign loans Some awareness	IDB Invest 2024 Scaling4Impact synthetic securitisation $1 billion non-sovereign loans Good knowledge
BOAD 2023 DOLI-P true sale securitisation $250 million sovereign loans	BOAD 2023 DOLI-P true sale securitisation $250 million sovereign loans Not aware	BOAD 2023 DOLI-P true sale securitisation $250 million sovereign loans Some awareness	BOAD 2023 DOLI-P true sale securitisation $250 million sovereign loans Good knowledge
BOAD 2024 DOLI-P true sale securitisation $270 million non-sovereign loans	BOAD 2024 DOLI-P true sale securitisation $270 million non-sovereign loans Not aware	BOAD 2024 DOLI-P true sale securitisation $270 million non-sovereign loans Some awareness	BOAD 2024 DOLI-P true sale securitisation $270 million non-sovereign loans Good knowledge
IFC 2025 EMSP-1 true sale securitisation $500 million non-sovereign loans	IFC 2025 EMSP-1 true sale securitisation $500 million non-sovereign loans Not aware	IFC 2025 EMSP-1 true sale securitisation $500 million non-sovereign loans Some awareness	IFC 2025 EMSP-1 true sale securitisation $500 million non-sovereign loans Good knowledge
IFC 2026 EMSP-1 true sale securitisation $500 million non-sovereign loans	IFC 2026 EMSP-1 true sale securitisation $500 million non-sovereign loans Not aware	IFC 2026 EMSP-1 true sale securitisation $500 million non-sovereign loans Some awareness	IFC 2026 EMSP-1 true sale securitisation $500 million non-sovereign loans Good knowledge
EBRD 2026 Mosaic synthetic securitisation €1 billion non-sovereign loans	EBRD 2026 Mosaic synthetic securitisation €1 billion non-sovereign loans Not aware	EBRD 2026 Mosaic synthetic securitisation €1 billion non-sovereign loans Some awareness	EBRD 2026 Mosaic synthetic securitisation €1 billion non-sovereign loans Good knowledge
IFC 2026 Chrysalis synthetic securitisation $500 million non-sovereign loans	IFC 2026 Chrysalis synthetic securitisation $500 million non-sovereign loans Not aware	IFC 2026 Chrysalis synthetic securitisation $500 million non-sovereign loans Some awareness	IFC 2026 Chrysalis synthetic securitisation $500 million non-sovereign loans Good knowledge

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5. How important are the following obstacles to the development of MDB securitisation?

	Not important	Moderately important	Very important	Don’t know
Limited investor familiarity with MDB loan portfolios	Limited investor familiarity with MDB loan portfolios Not important	Limited investor familiarity with MDB loan portfolios Moderately important	Limited investor familiarity with MDB loan portfolios Very important	Limited investor familiarity with MDB loan portfolios Don’t know
Insufficient historical credit-performance data	Insufficient historical credit-performance data Not important	Insufficient historical credit-performance data Moderately important	Insufficient historical credit-performance data Very important	Insufficient historical credit-performance data Don’t know
Returns may be too low relative to the perceived risk	Returns may be too low relative to the perceived risk Not important	Returns may be too low relative to the perceived risk Moderately important	Returns may be too low relative to the perceived risk Very important	Returns may be too low relative to the perceived risk Don’t know
Investor limits on emerging-market exposure	Investor limits on emerging-market exposure Not important	Investor limits on emerging-market exposure Moderately important	Investor limits on emerging-market exposure Very important	Investor limits on emerging-market exposure Don’t know
Lack of standardised structures and documentation	Lack of standardised structures and documentation Not important	Lack of standardised structures and documentation Moderately important	Lack of standardised structures and documentation Very important	Lack of standardised structures and documentation Don’t know
Difficulty producing a regular flow of transactions	Difficulty producing a regular flow of transactions Not important	Difficulty producing a regular flow of transactions Moderately important	Difficulty producing a regular flow of transactions Very important	Difficulty producing a regular flow of transactions Don’t know

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6. Which actions would be most helpful in developing the MDB securitisation market? Please select up to three.

Publish historical default and recovery data

Provide more detailed portfolio information

Use standardised structures and documentation

Establish a regular programme of transaction

Engage investors when designing transactions

Other — please specify

Other (please specify)

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7. Which factors would be most important when deciding whether to participate in an MDB securitisation?
Please select up to three.

Expected return

Credit rating

Portfolio diversification

Historical credit-performance data

Transaction structure and investor protection

Development impact

Other — please specify

Other (please specify)

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8. Would your organisation consider participating in an MDB securitisation or risk-transfer transaction within the next three years?

Yes

Maybe

Not applicable

Please briefly explain what would most influence your decision.

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9. How likely is MDB securitisation to become significant during the next five years?

	Unlikely	Possibly	Likely	Don't know
As a balance-sheet management tool for MDBs	As a balance-sheet management tool for MDBs Unlikely	As a balance-sheet management tool for MDBs Possibly	As a balance-sheet management tool for MDBs Likely	As a balance-sheet management tool for MDBs Don't know
As an investment opportunity for institutional investors	As an investment opportunity for institutional investors Unlikely	As an investment opportunity for institutional investors Possibly	As an investment opportunity for institutional investors Likely	As an investment opportunity for institutional investors Don't know
As a means of mobilising private capital for development	As a means of mobilising private capital for development Unlikely	As a means of mobilising private capital for development Possibly	As a means of mobilising private capital for development Likely	As a means of mobilising private capital for development Don't know

Please provide any additional advice or comments.

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10. Which of the following best describes your primary professional role?
Please select one.

Institutional investor

Securitisation issuer or originator

Securitisation arranger or adviser

Insurance broker

MDB or development finance institution staff member

Government or public-sector official

Other — please specify

Other (please specify)

Market Awareness Survey of MDB Securitisation

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* 3. Are you aware that Multilateral Development Banks (MDBs) have started to use securitisation to optimise their balance sheets?

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* 4. Have you heard of any of the following transactions?

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* 5. How important are the following obstacles to the development of MDB securitisation?

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* 6. Which actions would be most helpful in developing the MDB securitisation market? Please select up to three.

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* 7. Which factors would be most important when deciding whether to participate in an MDB securitisation?Please select up to three.

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* 8. Would your organisation consider participating in an MDB securitisation or risk-transfer transaction within the next three years?

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* 9. How likely is MDB securitisation to become significant during the next five years?

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* 10. Which of the following best describes your primary professional role?Please select one.

3. Are you aware that Multilateral Development Banks (MDBs) have started to use securitisation to optimise their balance sheets?

4. Have you heard of any of the following transactions?

5. How important are the following obstacles to the development of MDB securitisation?

6. Which actions would be most helpful in developing the MDB securitisation market? Please select up to three.

7. Which factors would be most important when deciding whether to participate in an MDB securitisation?
Please select up to three.

8. Would your organisation consider participating in an MDB securitisation or risk-transfer transaction within the next three years?

9. How likely is MDB securitisation to become significant during the next five years?

10. Which of the following best describes your primary professional role?
Please select one.