n Development Finance Agenda (DEFA) - An approach to managing country risk in African states that are fragile or emerging from fragility : a development practitioner's perspective




Africa is experiencing an unprecedented economic and commercial vibrancy. Analysts agree that the short-to-medium-term growth prospects for the continent remain strong. However, Africa is home to nine of the ten most difficult countries to do business in and over half of the world's 47 fragile states. This paper provides a practical overview of how country risk practitioners at an African infrastructure development finance institution have developed and used a three-stage methodology to effectively manage country risks. This approach is complemented and strengthened by extensive local networks and a deep understanding of how the markets in different countries function.


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