Weekend Reading /
Global

External funding needs and credit spreads as a signal of distress – in 2 charts

  • 1/3 of the EM sovereign index is distressed and most frontiers are locked out of the market with future access uncertain

  • We map GEFR vs. spreads to flag countries with large external financing needs and limited market access

  • Ethiopia, Bolivia, Pakistan, Tunisia, Mozambique, Egypt, Kenya, Rwanda & El Salvador are flagged as most vulnerable

External funding needs and credit spreads as a signal of distress – in 2 charts
Patrick Curran
Tellimer Research
20 May 2023
Published byTellimer Research

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