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.
Infrastructure-for-resources deals have been widely criticized, based on few data. But host countries can rigorously compare them with alternatives. Better analysis would lead to better decisions and might convince critics that they can be beneficial, for their financial contributions and for ensuring that resource wealth is converted to productive investment. Still, the deals may pose significant risks for investors.
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