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Why does africa need an independent credit rating agency?

Despite liberalising their economies, carrying out painful structural reforms and working hard to manage fiscal discipline sovereign African states have to pay up higher rates on their borrowings than most other emerging economies. The ‘Big 3’ credit risk rating agencies have heightened investor risk perception and cost Africa an estimated 46 B$ in lost lending. But the expected launch of the Africa Credit Rating Agency (AfCRA) in june may offer a more credible creditworthiness ratings and better reflect the local realities.

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G20 finance meeting ends without consensus or communique
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Africa prosperity dialogues 2025: special highlights
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La réunion des ministres des finances du G20 se termine sans consensus ni communiqué

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