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Sovereign Risk Ceilings: Rethinking Credit Assessment Through Risk Disaggregation
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Financing Climate & Sustainable Development / Report

Sovereign Risk Ceilings: Rethinking Credit Assessment Through Risk Disaggregation

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.

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Mining, Metals and Resource-based Development

Cross-Border Resource Corridors and Regional Integration

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In 2014, CCSI received a World Bank grant to determine to what extent cross-border resource-based transport and energy corridors can be a catalyst for regional integration. The report explores in depth whether four African corridors have led or can lead to regional integration: the Nacala railway corridor (Mozambique–Malawi), the Northern Corridor (Great Lakes Countries – Kenya), the Simandou–Nimba railway corridor (Guinea–Liberia) and the Lapsset pipeline and railway corridor (Uganda–South Sudan–Ethiopia–Kenya). Lessons learned from international experiences are also highlighted, including from the Arctic rail corridor (Sweden–Norway), Antofogasta rail and port corridor (Chile–Bolivia), the GSBOL gas pipeline (Brazil–Bolivia), the Baku–Tbilisi–Ceyhan oil pipeline (Azerbaijan–Georgia–Turkey), the Maputo rail and road corridor (South Africa–Mozambique) and the China–Kazakhstan interconnection at the Korgas Pass. Read the February 2016 World Bank report and the CCSI article on the importance of cross-border corridors for the participation of resource-rich countries in global value chains.

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