EDC has adjusted its focus and solutions to reflect the challenges facing Canadian exporters during the COVID-19 pandemic. To learn more, click here

With the recent launch of the $65-billion federal Business Credit Availability Program (BCAP), we’ve adjusted our focus and flexibility to help Canadian companies challenged by the pandemic. For COVID-related queries and answers to your exporting questions, please visit our Export Help Hub. For timely economic insights, check out our Global Economic Outlook and get the latest news on the Canada-United States-Mexico Agreement

EDC’s Country Risk Quarterly, an interactive tool, offers timely information on 50 countries and allows you to stay on top of country risk, including leveraging high-frequency data such as fluctuations in the stock market, exchange rates and bond spreads.



Top 5 country risk findings:

1. The short-term economic and political risk outlook is generally negative across the globe. Countries such as Zambia, Turkey, and Lebanon are seeing declines in access to liquidity.

2. Countries carrying high debt loads before the pandemic are particularly vulnerable to new shocks, including changes in market sentiment and financing conditions.   

3. The world’s least developed economies are benefitting from official debt relief into mid-2021, but some emerging markets have been left out in the cold, despite facing similar liquidity pressures. While there hasn’t yet been a wave of defaults, sovereign credit quality in frontier markets continues to decline.  

4. Political instability risks are rising as COVID-19 and associated lockdown measures are exacerbating underlying civic tensions in several global hotspots. The coronavirus isn’t directly responsible for unrest, but it’s shone a spotlight on, and fuelled, pre-existing societal fissures. 

5. The economic recovery is poised to be slow and uneven as we move into 2021, with some sectors—agriculture, consumers goods forestry and chemicals—expected to outperform others.  



Discover more valuable insights

Oil workers work on rig

Oil price shock

The collapse in oil prices has created a major economic challenge for energy-exporting countries.

Protesters march against government

Political unrest

As many countries face health and economic issues, protests against government actions are on the rise.

Globe rests in woman’s hand

Debt forgiveness

Many developing countries are negotiating immediate debt relief from international creditors such as the International Monetary Fund to give them financial support.


 

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