The African Development Bank (AfDB), Prosper Africa, and the US Treasury have signed a $700,000 Donor Contribution Agreement to develop a Credit Rating Online Data Platform. This initiative aims to improve how international investors assess risk in African markets by addressing data accessibility challenges and reducing skewed risk perceptions of African economies.
The platform will serve as a comprehensive tool, enhancing the analytical capacity of African nations and improving their engagement with credit rating agencies. It is expected to bridge gaps between perceived and actual investment risks, ultimately lowering borrowing costs for regional member countries (RMCs).
“This platform will provide high-quality, timely information as a public good, supporting evidence-based policymaking and more accurate evaluation of investment risks,” said Beth Dunford, AfDB Vice President for Agricultural, Human, and Social Development.
Hosted by AfDB, the platform aligns with its Ten-Year Strategy (2024–2033) and highlights Prosper Africa’s commitment to strengthening US-Africa economic ties by reshaping investor perceptions of the continent.
