Escalating Rwanda-Congo Conflict May Threaten Credit Ratings, S&P Warns
The S&P Global Rating has raised warnings about the impact of the intensifying conflict between Rwanda and the Democratic Republic of the Congo, warning that this could lead to credit downgrades in both countries. Elevated violence, especially in the eastern Congo province, is turning its economy around. Rwanda has the potential to reduce foreign aid, and the increase in the defense budget faces a possible depletion of resources required for development. The ongoing unrest has attracted attention to wider regional conflicts, threatening economic growth and international support, which may hinder the long-term recovery and development of the country.
source: Bloomberg
