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This policy brief examines how the methodologies of major private credit rating agencies (CRAs) negatively impact African development by inflating risk premiums and increasing the cost of capital. It argues that the current system is marred by oligopolistic structures, subjective biases, and a lack of transparency, which hinders access to financing for infrastructure and climate projects. The document advocates for the establishment of the Africa Credit Rating Agency (AfCRA) and a global fiscal body to create a more equitable financial architecture, while advising African nations to improve data transparency, debt management capacity, and macroeconomic fundamentals.

This policy brief examines how the methodologies of major private credit rating agencies (CRAs) negatively impact African development by inflating risk premiums and increasing the cost of capital. It argues that these agencies operate as an oligopoly with subjective, biased methodologies that ignore social indicators and long-term development. To counter this, the document discusses the establishment of the Africa Credit Rating Agency (AfCRA) and proposes broader reforms to the international financial architecture, including the creation of a global fiscal body and improved domestic fiscal transparency and debt management in African nations.

An executive summary detailing the water supply and economic challenges facing the wine-producing region of Mendoza, Argentina, particularly for small-scale producers amidst a changing climate.

This research paper by the South African Institute of International Affairs (SAIIA) introduces two new indices—the Climate Change and Economic Vulnerability Index (CEVI) and the Climate Change and Economic Resilience Index (CERI)—to provide a quantitative basis for the allocation of climate finance. The author argues that current climate finance, particularly OECD adaptation funding, is misaligned with the actual vulnerability and resilience of recipient countries, often favoring middle-income nations over the most vulnerable low-income economies, particularly in Africa.