LocationsReports and Papers
In 2026, UNDP commissioned a series of policy papers from the Concilium Advisors of the Africa Credit Ratings Initiative (ACRI) — a group of leading former sovereign rating practitioners and analysts whose collective experience spans decades of work at the major rating agencies and across global financial markets. The papers examine core dimensions of sovereign credit ratings as they affect African economies, from the rating process and methodology to the relationship between ratings and borrowing costs to the prospects for regional rating institutions.
These papers informed the substantive foundation of the ACRI Sovereign Credit Ratings Handbook for African Policymakers. They are published here in full as a resource for policymakers, researchers, and practitioners seeking deeper analytical engagement with the topics the handbook addresses.
The 2026 Working ACRI Policy Papers:
