Blog

Making 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. African countries face some of the highest borrowing costs in the world for sovereign debt, partly due to low credit ratings. Only two African economies are currently rated at investment-grade levels, implying high interest rates and low borrowing volumes for the continent.

Authors

RECENT POSTS

Gatekeepers of growth: How sovereign credit ratings are shaping Africa’s Future

The cost of Africa’s future, and how to pay for it

Trapped by mounting debt, Africa pushes for a financial reset