Fitch warns of worsening fiscal pressures in Africa due to growing mpox outbreak.

Fitch recently warned that the mpox outbreak in sub-Saharan Africa could worsen fiscal pressures on affected countries. The Africa CDC and WHO have declared it a health emergency, with cases spreading from the Democratic Republic of Congo. Critics allege that biases in credit rating agencies, largely due to analysts' geographical distance from Africa, lead to overstated risk assessments. This has prompted discussions on establishing an Africa Credit Rating Agency for more accurate evaluations.

7 months ago
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