Access to Capital and the Risk of Default – Is Africa Being Too Harshly Assessed?
Africa needs capital to finance development. But does the way international ratings agencies assess African economies make that capital unnecessarily expensive? On October 7, the Mauritius-based Africa Credit Rating Agency (AfCRA) was officially launched, an initiative that has been years in the making. It has been driven by the African Peer Review Mechanism (APRM), with …
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