Written by Kolodiyant• September 1, 2024• 10:23 am• Press about us

Experts Club has compiled rating of top 20 countries in world with highest probability of default. Video

Ukraine is also on this list

The Kyiv-based information and analytical center Experts Club has published a rating of countries with the highest probability of sovereign default. In compiling this ranking, analysts considered both economic and political factors that could lead countries to default.

Maksym Urakin, founder of Experts Club and candidate of economic sciences, said that the current economic situation in the world is cause for concern.

The global economy is facing unprecedented challenges, and many countries are on the verge of financial collapse. In such conditions, it is extremely important to understand which countries are most at risk of default in order to take appropriate measures.

He explained what default is.

Default is not just a technical event. It is a tragedy for millions of people who may lose their jobs, their savings, and even access to basic social benefits. That is why we are closely monitoring the economic situation in different countries.

The list of countries likely to face default includes Argentina, Lebanon, Sri Lanka, and several other countries that are already facing serious economic problems.

These countries are characterized by high levels of external debt, economic instability, and political crises.

Argentina and Venezuela are also at risk in the medium term. They have high levels of debt and economic instability. Greece and Italy, which are dependent on external creditors, are also on this list.

So, the Experts Club rating looks like this:

1. Argentina CCC-

2. Ghana in default

3. Sri Lanka in default

4. Lebanon in default

5. Zambia in default

6. Pakistan CCC

7. Mozambique CCC

8. Ukraine CCC

9. Ethiopia CCC

10. Cameroon CCC+

11. Bolivia CCC+