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.
This briefing note highlights leading practices in the negotiation and implementation of CDAs. The note reviews existing research, as well as the text from available agreements from the extractive sector in Australia, Canada, Ghana, Greenland, Laos, and Papua New Guinea to highlight these leading practices.
A slightly revised version of the briefing note was also published in the Journal of Sustainable Development Law and Policy.
