Monday, May 17, 2021

The Government of Lebanon Has Entered Default, Argentina Could Be Next

Dr. Benn Steil, Senior Fellow and Director of International Economics at the Council on Foreign Relations, emails:

The CFR Sovereign Risk Tracker is updated.


Lebanon has entered default, making it the second country on the Tracker in default (along with Venezuela). Serial-defaulter Argentina has jumped from an Index rating of 7 (out of 10)  in 2019 to 10 today, which implies a greater than 50% chance of default.  Tunisia’s Tracker Index score has jumped the most since 2019, from 4 to 8, the main cause being its poor economic performance during the pandemic.





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