This blog was originally published on Illuminem, and has been co-authored with Rhian-Mari Thomas. She is the CEO...
Financing Climate & Sustainable Development / Report
Diagnosing how the sovereign ceiling functions as a simplifying shortcut that can obscure meaningful differences across borrowers, and proposing an alternative credit rating approach based on disaggregating sovereign risk into specific transmission channels.
Regulatory chill, a key tension between international investment agreements (IIAs) and democratic governance, could be dealt with by creating liability insurance for governments. Existing government insurance programs provide helpful guidelines for an investment arbitration liability insurance that could protect governments’ policy space while maintaining the protection IIAs provide to investors.
A translation in Mandarin is also available via the “Download Resources” button.
