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.

 

Sincerely,

Benn

 -RW