Low-income countries that sought to spend more on health care during the pandemic have been hit with ratings downgrades, while others avoided borrowing entirely.
Tall buildings, smaller credit rating.
Jeremy Reddington
African governments must engage rating agencies better, providing them and investors with credible economic data, and regularly address all concerns being raised.
South Africa’s finance minister Tito Mboweni says the IMF loan will limit the country’s economic vulnerabilities which have been exacerbated by COVID-19.
Gallo Images/Brenton Geach
The IMF loan does not impose any conditions over and above what is in South African law on how the funds can be used; it only seems to expect the country to implement policies already announced.
Robert Earle, University of Zurich; Jung Park, International Institute for Management Development (IMD), and Karl Schmedders, International Institute for Management Development (IMD)
They stumble around, baying for assistance, hoping to drink the lifeblood of other companies’ financial aid.
Since the first “climate awareness bond” was issued in 2007, the green-bond market has flourished. But how can investors judge their risk and effectiveness?
Boris Johnson has threatened to withhold Britain’s Brexit bill if he’s the country’s next prime minister.
Leon Neal/PA Archive/PA Images
Standard & Poor’s, Moody’s, and other ratings agencies have a long and storied history, but today they face significant criticism and the future of ratings themselves are under challenge.
The spotlight is on Wonga.
Ink Drop / Shutterstock.com
The positive energy that’s greeted the new South African President, Cyril Ramaphosa, will turn to protest if economic challenges are not addressed quickly.
The Australian government was put on notice about its credit rating last year.
AAP/ Justin Lane
In announcing free higher education, South African President Jacob Zuma, lobbed a populist hot potato at the ANC elective conference but it’s ordinary people whose fingers will be burnt.
South Africa’s 2017 medium term budget reveals a growing gap between revenue and expenditure which places the country in a highly vulnerable financial state.
South Africa’s finance minister, Malusi Gigaba, has had to look towards selling off state owned assets to plug a fiscal hole.
REUTERS/Rogan Ward
Privatisation talk in South Africa shows how state owned enterprises are being used as tools for enrichment by the connected and less as key elements of development.
South Africa has been rocked by a legal battle between the country’s Public Protector and Reserve Bank.
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The University of Canberra’s Deep Saini and Michelle Grattan discuss the week in politics.
Shadow Treasurer Chris Bowen told the National Press Club that a Labor government would “show the ratings agencies the quality of our plans.”
Mick Tsikas/AAP