Bringing about increased efficiencies and standardisation

Developing Markets

Developing markets offer great opportunities as global dynamics shift, demand for their resources increases and new technologies evolve. At the LMA, we seek to bring about increased efficiencies and standardisation in developing markets, whilst educating our members about the opportunities and challenges they may face when operating in these regions.

Latest News

OECD amends its Arrangement on Officially Supported Export Credits

The Organisation for Economic Co-operation and Development (OECD)'s Arrangement on Officially Supported Export Credits (the Arrangement) has been updated, effective 10 January 2022. This January 2022 version replaces the July 2021 version. The updates reflect, amongst other things, the new restrictions on export credit and tied aid support for coal-fired power plants and the LIBOR transition.

Covington & Burling LLP article on 'The Impact of the Demise of LIBOR and the Rise of Risk Free Rates on the LMA Developing Markets Documentation'

This article from Covington & Burling LLP, written by Steven Gamble, Chloe Taylor and David Miles, provides guidance on the demise of LIBOR, the consequences of and provisions dealing with its discontinuation, the emergence of risk free rates (RFRs), structural and substantive observations about the current LMA RFR Based Loan Documentation Suite and projections about how this suite will continue to develop.

LMA publishes term SOFR exposure draft and commentary for use in developing markets jurisdictions

The LMA has published an exposure draft single currency term and revolving facilities agreement incorporating term SOFR for use in developing markets jurisdictions ("Term SOFR Exposure Draft"), alongside a commentary. The Term SOFR Exposure Draft and the accompanying commentary are intended to facilitate awareness of the issues involved in structuring syndicated loans for developing markets jurisdictions which reference CME term SOFR and the development of an approach to these issues by market participants.

Video Content

Lending transactions in CEE

With Florian Klimscha - Freshfields and Anouschka Zagorski - Freshfields

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Speaker Interview: Benjamin Gibbons from Miller Insurance

From the LMA Developing Markets Virtual Conference (28 April 2021).

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Speaker Interview: Nick Tostivin and Luka Lightfoot from Baker McKenzie

From the LMA Developing Markets Virtual Conference (28 April 2021).

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Where next for syndicated lending in Sub-Saharan Africa?

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Contact Us

Amelia Slocombe

T+ 44 (0)20 7006 4114
amelia.slocombe@lma.eu.com