Developing a Credit Ratings Ecosystem in Africa

African economies face ongoing challenges with credit ratings ranging from perceived bias and lack of transparency to the high costs of borrowing influenced by global agencies. With over 30 African countries rated, the impact is significant, especially amid recent sovereign defaults in Ghana and Zambia and forecasts of more to come. As South Africa prepares to host the G20 and the African Union secures a permanent seat, this high-level event explores how Africa can lead efforts to build a fair, transparent credit rating ecosystem. Co-hosted by AfriCatalyst, APRM, AU, UNDP, ECA, ACET, and the Open Society Foundations, the event brings together policymakers and partners to drive solutions that support sustainable development and access to finance.