ECA and APRM support African countries on sovereign credit ratings
The Innovative Finance and Capital Markets Section, Private Sector Development and Finance Division, United Nations Economic Commission for Africa (ECA) in collaboration with African Peer Review Mechanism (APRM), hosted a meeting on credit ratings from 5 to 7, December 2022. The 3-day meeting consists of three segments: the 1st Meeting of Network of National Regulators on Credit Ratings; the 2nd Meeting of Member States Credit Ratings Liaison Officers; and the 7th Ad-hoc Committee Meeting on Credit Ratings. Amongst the issues discussed were the low credit ratings and persistent downgrades of African Governments debt, which is detrimental to the continent’s investment competitiveness and recovery...
