| 11 Mar 2010 |
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Lebanon ranks 82nd globally, 13th in MENA in country risk
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BEIRUT: In its semi-annual survey of the country risk of 186 countries, Euromoney magazine ranked Lebanon in 82nd place worldwide and 13th among 20 countries in the Middle East and North Africa region in March 2010, as reported by Lebanon This Week, the economic publication of the Byblos Bank Group. Lebanon ranked 80th globally and 12th regionally in the September 2009 survey.
Also, Lebanon came in 26th place among 36 upper middle income countries (UMICs) included in the survey. The survey evaluates individual country risk by assigning a weighting to seven categories that cover political risks, economic performance, access to bank finance and capital markets, discount on forfeiting, debt indicators, credit ratings, and debt in default or rescheduled.
Euromoney said it changed its survey weightings to increase the influence of the political risks and economic performance categories in calculating the final score and rankings. As such, it increased the weighings of the two categories from 25 percent to 30 percent each, and reduced the overall number of categories to seven from nine previously.
Globally, Lebanon ranked ahead of Armenia, Macedonia and El Salvador, and came behind Vietnam, Botswana and Libya. It also ranked ahead of Argentina and behind Libya among UMICs. Lebanon received a score of 44.53 points, down 10 percent from 49.52 points in the September survey. Its score came below the global average of 46.08 points as well as lower than the MENA and Arab averages of 50.02 points and 50.21 points, respectively. It also scored below the average of 50.18 points for UMICs.
Lebanon ranked in 99th place globally and in 12th place regionally on the Political Risks category. It came ahead of Grenada and behind Macedonia worldwide, and ahead of Libya and behind Algeria in the MENA region. It received a score of 16.06 points, lower than the global and MENA averages of 17.25 points and 17.19 points, respectively. Lebanon ranked in 114th place globally and 13th place regionally on the Credit Ratings category. It ranked ahead of Belize and Paraguay, tied with Bolivia, and came behind the Dominican Republic, Benin, Cameroon, Turkmenistan and Burkina Faso. It ranked ahead of Algeria, Syria, Yemen, Mauritania, Iran, Iraq and Sudan, and behind Jordan regionally. It received a score of 0.78 points in this category, below the global and MENA averages of 2.47 points and 2.89 points, respectively.
In parallel, Lebanon ranked in 56th place globally and in 9th place regionally in terms of Access to Bank Finance and Capital Markets. It ranked ahead of 22 tied countries that include Hungary, Nigeria and Ecuador, while it tied with Croatia, Morocco, Peru, Panama, Indonesia, Tunisia, Kazakhstan and Botswana, and came behind the Philippines and Angola. Regionally, it ranked ahead of Algeria, Libya and Yemen, tied with Morocco and Tunisia, and came behind Bahrain, Egypt, Kuwait and Israel. Lebanon received a score 6.67 points, higher than the global and regional averages of 5.52 points and 6.05 points, respectively.
Further, Lebanon ranked in 92nd place globally and in 14th place regionally in terms of economic performance. It ranked ahead of Guatemala and behind Kazakhstan worldwide, while it came ahead of Syria and behind Egypt regionally. Lebanon’s score was 10.12 points on this category, below the global and regional averages of 10.51 points and 12.09 points, respectively. Also, Lebanon ranked in 118th globally and in 14th place regionally on the Debt Indicators category, ranking ahead of Lithuania and behind Belize worldwide. – The Daily Star
© Copyright The Daily Star 2010.
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