About the Africa Credit Ratings Initiative

The financing landscape in Africa has changed dramatically over the past few decades. With more than half the continent now at middle-income status, the relative role of Official Development Assistance (ODA) has declined, and more countries are now borrowing on global capital markets. UNDP Africa, in partnership with AfriCatalyst, launched the Africa Credit Ratings Initiative in 2024, which includes three key components: the Africa Credit Ratings Resource Platform with data, methodologies, and research; a Concilium of advisors, providing technical support on credit ratings; and a community of practice linking professionals and practitioners working on credit ratings.