The Project on Prosperity and Development, Sustainable Development and Resilience Initiative, Global Food and Water Security Program, and Humanitarian Agenda examine the United States’ leadership role in advancing development and creating efficient, effective, and sustainable foreign assistance programs.

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Photo: CRISTINA QUICLER/AFP/Getty Images

Photo: CRISTINA QUICLER/AFP/Getty Images

Reforming the Reformers: Seville Conference Must Upgrade Credit Rating Agencies

The high cost of debt and debt servicing means that financing for environment, climate adaptation, and food security gets short shrift during a debt crisis. Credit rating agencies and international regulations should change to realize the needs of developing countries.

Commentary by Jo Puri — July 2, 2025

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Experts


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Caitlin Welsh
Director, Global Food and Water Security Program
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Noam Unger
Director, Sustainable Development and Resilience Initiative and Senior Fellow, Project on Prosperity and Development
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Romina Bandura
Senior Fellow, Project on Prosperity and Development, Project on U.S. Leadership in Development
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David Michel
Senior Fellow, Global Food and Water Security Program