LONDON — The African Development Bank has announced an initiative to help African countries improve their sovereign credit ratings and lower their borrowing costs. AfDB President Sidi Ould Tah said at an S&P conference that the programme will focus on better data, transparency and market infrastructure, and will be run through the African Legal Support Facility. Only three of Africa's 54 countries are rated investment grade.
AfDB Launches Initiative to Help African Countries Improve Credit Ratings
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