According to analysis, a growing number of countries are beginning to face varying levels of debt distress. While last year we saw the defaults of several frontier markets, like Sri Lanka, El Salvador, and Ghana, risks have now increased in larger economies, including Egypt and Pakistan. This shift is reflected in EDC Economics’ country ratings, where there’s been a sharp increase in the number of countries at high risk of default over the next few years.
But for all the concerns, developing economies are in better shape than they were back in the mid-1990s, the last time we experienced a wave of sovereign defaults. But for Canadian exporters, keeping a closer eye on public finances will help balance the risks and tremendous opportunities of doing business in fast growing corners of the world.
EDC’s Country Risk Quarterly is an interactive tool that offers timely information about 50 countries, including fluctuations in the stock market, exchange rates and bond spreads. These insights enable you to stay on top of country risk and make better business decisions.
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