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UN says dubious credit ratings from Big 3 cost Africa $75bn a year
During the margins of the IMF/World Bank Spring Meetings ,Africatalyst, United Nations Development Programme (UNDP) and the Brroking Institution held an event centered on a UNDP report that purports to show that “subjective” rankings are costing 21 African countries a combined $74.5bn a year in excess interest payments and lost financing