There have been notable examples of rating agencies differing significantly in their decisions on African institutions and countries.
Articles on African Export-Import Bank
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Tensions over the role that credit rating agencies play in assessing African countries have broken into the open.
Treating Afreximbank and the Trade and Development Bank as commercial creditors would reduce their capacity to finance sustainable development in Africa.
The system’s promoters must figure out how to compensate the African countries that run trade surpluses.
COVID is only one factor contributing to the difficult debt situation in the region.
African countries can’t afford to tread water waiting for the global multilateral and private financing system to become more equitable.
Top contributors
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Professor/Senior Research Fellow, Centre for Advancement of Scholarship, University of Pretoria
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Post Doctoral Researcher, Graduate School of Business (GSB), University of Cape Town
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Chief Research Officer: Climate and Development - Nelson Mandela School of Public Governance, University of Cape Town
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Extraordinary lecturer at the Centre for Human Rights, University of Pretoria
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Professor of Development Economics, University of Oxford
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Director, Columbia Center on Sustainable Investment, Columbia University