Download Tag: Mali

Décision de retrait du Burkina Faso, du Mali et du Niger de la Communauté Économique des États de l’Afrique de l’Ouest : Quelles conséquences? (Feb 2024)

Dans un communiqué conjoint, le Burkina Faso, le Mali et le Niger ont annoncé le 28 janvier 2024 leur retrait, avec effet immédiat, de la Communauté économique des États de l'Afrique de l'Ouest (CEDEAO). Cette décision est un événement majeur dans le contexte de l'intégration régionale en Afrique de l'Ouest. La CEDEAO, créée le 28 mai 1975 dans le but de promouvoir la coopération économique, sociale et politique entre ses États membres, voit remise en question cette dynamique d'intégration régionale, après 49 ans.

Au-delà de la réduction du nombre des membres, ce retrait suscite plusieurs interrogations et il est important pour GCR de suivre attentivement les développements futurs autour de cette décision.

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Burkina Faso, Mali and Niger’s departure from the Economic Community of West African States: what are the consequences? (Feb 2024)

In a joint press release issued on 28 January 2024, Burkina Faso, Mali and Niger announced their departure, with immediate effect, from the Economic Community of West African States (ECOWAS). This decision is a major event in the context of the regional integration in West Africa. ECOWAS, which was set up on 28 May 1975 to promote economic, social and political cooperation between its member states, is seeing this regional integration dynamic called into question after 49 years.

Beyond the reduction in the number of members, this withdrawal raises several questions, and it is important for GCR to closely monitor future developments surrounding this decision.

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Credit Spotlight: West African Economic Monetary Union Country Risk Scores (August 2021)

The Country Risk assessment, which is a key part of the operating environment score, interacts with GCR ratings in four ways. Firstly, the country risk scores create the foundation for the Anchor Credit Evaluator (the mapping table, see the Criteria for the GCR Ratings Framework and the interactive online map at GCRratings.com/criteria). Secondly, the country risk score/ assessment acts as an anchor to the GCR Risk Score and therefore ultimately to the GCR issuer ratings. Thirdly, the country risk assessment acts as a hurdle (or more accurately as a series of hurdles, differing according to industry) that limits uplift away from an entity’s financial sector operating environment (the combination of the country risk score and the financial sector risk score). Lastly, the country risk score provides a level from which government support can be applied for each industry.

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