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.
Date: Jun 23, 2025
Time: EDT
Location: Online
The Columbia Center on Sustainable Investment (CCSI), in association with Steptoe LLP, hosted Session 4 of our four-part webinar series, Candid Reflections on Resource-Based Development.
Mineral deposits are often located in contexts in which the interplay of diverse interests, power asymmetries, and resource constraints together create significant governance challenges negatively affecting project outcomes. Such challenges are not confined to host governments but extend beyond them to all stakeholders, including mining companies, their home governments, international organizations, and local communities. Diverging priorities, information imbalances, the complexities of addressing corruption and of aligning interests exacerbate the difficulties of leveraging resource wealth for sustainable development. This panel helped to unpack these interconnected governance challenges, reflected on the (mis)alignment of governance initiatives and interventions in light of these challenges, and charted a path forward for navigating this complexity.
Speakers:
Moderators:
