In-depth

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Perspective
05 March 2026

Afreximbank: Preferred creditor questions for smaller MDBs

Contributor
Region:
Middle East & Africa
When is a DFI preferred creditor not a preferred creditor? A messy restructuring and a ratings downgrade for Afreximbank could hammer smaller development banks’ cost of capital and reduce their ability to respond flexibly to the needs of debt-burdened sovereigns.

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