Finance minister praises Kenya president’s economic policies despite uproar over systemic corruption
To ease pressure on the exchequer, he said the government intends to attract private-sector financing for major roads through a National Infrastructure Fund, a model used successfully in several advanced economies.
Big Three lie? Questions raised about credit rating of Africa as experts doubt methodology
At the UN Development Programme, the agency instrumental in the push to get credit ratings for sub-Saharan nations, senior economist Raymond Gilpin disagreed, saying it was “unconscionable” that the Big Three didn’t have a larger presence on the continent. At the same time, he said he saw no bias in the way the Big Three apply their methodologies, and he echoed other officials and academics when he told said that the rating agencies’ work can be hampered by local realities.
