Current Affairs - International - Discussion

Discussion Forum : International - Latest Current Affairs (Q.No. 802)

2023-09-20 International

802.

Which organization is launching its own credit ratings agency to address perceived bias by major agencies?

African Union

European Union

United Nations

World Bank

Answer: Option

Explanation:

The African Union plans to launch its own credit ratings agency in response to concerns about biased credit assessments for African nations. This initiative aims to offer a fairer evaluation of lending risks in African countries and attract more investments to the continent in the coming year.