The pipeline offers interesting opportunities mainly in Asia, and Latin America followed by Eastern Europe and Central Asia. In Asia, the fund can rely on relationships with long-standing institutions with good credit risk and will continue disbursements always carefully selecting institutions with strong credit ratings and proven track record while cherry-picking new Fis with strong risk-return profiles to sustain a good diversification across the countries and institutions. Strong demand in South Asia primarily comes from India and also Sri Lanka where economic developments look promising to return to normal levels.