Of the 32 African countries with credit ratings from one of the three main agencies, about half have been downgraded since the pandemic began. It also suggests social and development impact bonds, pay-for-success systems, forecast-based financing and equity investment in social good projects. Encouraging appropriate FDIThe UNDP Africa Investment Insights Report, which was produced by the Africa Sustainable Finance Hub in July 2023, examined opportunities for private companies to invest in African sustainable economic projects to help achieve the SDGs, often via public-private partnerships. It argues: “The potential of investment for Africa’s sustainable development progress cannot be overstated. Rescuing the SDGs in Africa – read moreThe UN Sustainable Development Goals (SDGs) are a comprehensive set of global goals to end poverty, protect our planet, and improve the living conditions of the global population.

Source: The North Africa Journal September 21, 2023 12:37 UTC