Скачать или смотреть Africa's 'Junk-Rated' Countries And What Their Status Means

While Africa sits on vast mineral wealth and untapped potential, its economies are at the receiving end of poor credit ratings, which have consigned them to financial purgatory — a place where borrowing costs soar and investment flows dry up.

Credit rating agencies' projections of the likelihood of African countries defaulting on their debts are driving up the cost of borrowing and diverting resources away from essential investments in healthcare, education and infrastructure.

Rising from the ashes of colonialism, where resources were looted, fledgling African economies are still struggling to steady the boat in a storm of climate change and weak governance systems.

Global credit rating agencies like S&P, Moody's and Fitch consider these very conditions to assign the already suffering countries unfavourable grades that translate into what economists bluntly call "junk status".
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