Pangea-Risk: African sovereigns becoming more creditworthy
Pangea-Risk in its April 2024 White Paper says more African sovereigns are becoming more creditworthy and bankable on the back of sound fiscal consolidation, fair debt treatments and prudent management practices. It recommends the need for transparency in common frameworks and alternative credit ratings among others. Robert Besseling, Founder and CEO of Pangea-Risk joins CNBC Africa to unpack the highlights of the report.
Fri, 19 Apr 2024 14:23:49 GMT
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AI Generated Summary
- African sovereigns are becoming more creditworthy and bankable due to factors such as sound fiscal consolidation, fair debt treatments, and prudent management practices.
- The Pangea-Risk report recommends transparency in common frameworks and alternative credit ratings to support the positive trend of improving creditworthiness.
- The increasing creditworthiness of African countries opens up new investment opportunities and partnerships with international creditors and investors, contributing to financial independence and sustainability.
A recent report by Pangea-Risk highlights the positive trend of African sovereigns becoming more creditworthy and bankable. The report, released in April 2024, points to factors such as sound fiscal consolidation, fair debt treatments, and prudent management practices contributing to this trend. Robert Besseling, the Founder and CEO of Pangea-Risk, appeared on CNBC Africa to discuss the key findings of the report. According to Besseling, the improving creditworthiness of African countries is a promising sign for the continent's economic stability and growth prospects. The report emphasizes the importance of transparency in common frameworks and alternative credit ratings to further support this positive trajectory. This development not only benefits the African nations themselves but also opens up new investment opportunities and partnerships with international creditors and investors. The increasing creditworthiness of African sovereigns signifies a step towards financial independence and sustainability for the continent as a whole.
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