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With New Credit Rating Agency, Africa Pushes for Fairer Risk Assessment, Lower Borrowing Costs

• Continent pays more to borrow, says WAIFEM DG • Experts demand transparent ratings, stronger data, joint ownership of debt analysis • IMF warns rising debt service crowding out development

  • Africa Credit Rating Agency (AfCRA) launched in Mauritius last month
  • Rising debt service burdens squeeze development spending
  • Africa pays $75 billion annually in excess interest due to risk premium

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