World Bank's AAA Rating: Why It Matters

Join us for a revealing conversation with Ajay Banga as he discusses the vital topic of credit ratings and their impact on development finance. In this engaging dialogue with India Today and Aaj Tak News Director, Rahul Kanwal, Ajay shares insights into the implications of lowering credit ratings from AAA to AA for institutions like the World Bank. Discover why maintaining AAA ratings is crucial for institutions like the International Development Association and IBRD, as it enables them to access cheaper funds and contribute to reducing borrowing costs for countries worldwide. Ajay highlights the importance of blended finance, lower borrowing costs, and longer-term investments in achieving impactful development finance. Explore the intricacies of credit ratings and their far-reaching effects on global development in this enlightening conversation."