AfDB to Launch Credit Rating Initiative
The African Development Bank is launching an initiative to help nations improve credit ratings and reduce borrowing costs. President Sidi Ould Tah announced the plan at a London conference, citing market opacity and data gaps as key challenges.
The African Development Bank will launch an initiative to help African nations improve credit rating preparations, President Sidi Ould Tah said on Thursday afternoon. The program tackles market opacity that drives up borrowing expenses across the continent. Only 3 out of 54 African countries currently hold investment grade ratings.
