Posts by AfriCatalyst
How can African countries navigate credit ratings processes-In conversation with Raymond Gilpin
With Africa requiring an additional $1.3 trillion per year to make meaningful progress toward the Sustainable Development Goals, the need for innovative financing strategies and improved access to international capital…
Read MoreLessons for African Nations from Kenya’s Recent CRA Downgrades: Insights by our CEO Daouda Sembene
Recent developments of the Big 3 credit rating agencies; Moody’s Fitch and S&P downgrading Kenya’s ratings in the past two months with,the most recent downgrade by S&P Global ratings from…
Read MoreEast African regional workshop held in Addis Ababa, Ethiopia.
With Africa requiring an additional $1.3 trillion per year to make meaningful progress toward the Sustainable Development Goals, the need for innovative financing strategies and improved access to international capital…
Read MoreUNDP Africa and AfriCatalyst host regional workshop on enhancing credit ratings for development in Africa
Addis Ababa, 3 August 2024 — With Africa requiring an additional $1.3 trillion per year to make meaningful progress toward the Sustainable Development Goals, the need for innovative financing strategies…
Read MoreReforming the Global Financial Architecture for Inclusive Development
Reforming the global financial architecture is not just important for advancing the Sustainable Development Goals (SDGs) and narrowing the economic disparities between the Global North and South; it is also…
Read MoreWhy Strengthening sovereign credit ratings is a collective responsibility
Expensive debt threatens to undermine Africa’s development prospects, forcing manygovernments to decide between servicing debt and investing in their people. Globalcredit ratings agencies influence the cost of borrowing by determining…
Read MoreIMF Executive Board Considers External Evaluation of the Independent Evaluation Office
On July 15, the Executive Board of the International Monetary Fund (IMF) discussed the fourth External Evaluation of the Independent Evaluation Office (IEO). The purpose of the evaluation was to…
Read MoreUNDP and AfriCatalyst host capacity building workshop in Tanzania to support ongoing efforts to secure fairer credit ratings
Dodoma, Tanzania, 10 July 2024 – With only eight years remaining to meet the 2030 Sustainable Development Goals deadline, African countries have an opportunity to secure favourable financing terms to meet…
Read MoreMaking IDA21 Work for Africa
A successful replenishment of IDA requires individual and collective efforts from the World Bank Group, donors and borrowing countries, and other domestic and external stakeholders. However, while a robust and…
Read MoreA fairer credit rating system for African countries could save billions
Subjectivity and bias in African credit ratings costs countries up to $24 billion in interest and over $46 billion in foregone lending. Host Landry Signé is joined by Raymond Gilpin…
Read MoreThe Inaugural capacity-building workshop in Dodoma, Tanzania
Dodoma, Tanzania, 10 July 2024 – With only eight years remaining to meet the 2030 Sustainable Development Goals deadline, African countries have an opportunity to secure favourable financing terms to meet…
Read MoreMaking Africa’s credit ratings more objective
In recent decades, the financing for development landscape has changed dramatically, with aid flows declining relative to investment and borrowing on capital markets. This makes the cost of borrowing critical.…
Read More