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 markets to finance development is more critical than ever.<\/p>\n\n\n\n
Recent downgrades of African countries by the Big Three credit rating agencies \u2013 Moody\u2019s, S&P and Fitch Ratings \u2013 have highlighted the urgent need for many African countries to address their fiscal challenges and secure development financing.<\/p>\n\n\n\n
Raymond Gilpin spoke to CGTN Africa on why the issue of credit ratings should be looked at as a development priority and not just as a financing issue.<\/p>\n\n\n\n