Aktia's Emerging Market Debt investment process is based on a fundamental country selection model (traffic light approach) and quantitative indicators including on top of economic indicators also social, governance (including political) and environmental aspects (e.g. climate change related risk). In Aktia's EMD activities we also have policy level definitions for when we are willing to finance government activities directly and when we instead prefer to finance specific projects through multinational investment vehicles. We have also verified our internal country selection model by comparing the results to the countries SDG performance. We have also developed continuously the quantitative model by adding machine learning elements to optimizing the model. During 2019 we also started to quarterly report on the SDG performance and trend for the EMD funds.