The sovereign borrower’s risk profile is more appealing with political uncertainty resolved and macro-fiscal indicators repairing.

The African sovereign is one of the more impressive movers in Euromoney’s country risk survey this year, extending a longer-term upward trend that could see its credit rating upgraded – if it avoids political instability.

This section provides the latest EBRI results. These quarterly results include the index value, investment climate factors and GDP. The index is formed of five tiers.

The historical data compares the current quarter to the equivalent quarter for the previous three years. The annual changes in the index values clearly demonstrate the general trends.

The Euromoney Belt and Road Index (EBRI) combines International Monetary Fund (IMF) GDP figures with investment climate (IC) scores sourced from economists and political experts who ranked countries on the Euromoney Country Risk platform. The index therefore combines qualitative, crowd-sourced opinion with quantitative data. Using these sources EBRI aims to provide a clear and credible index representing the politico-economic environment and investment climate.

The Euromoney Belt and Road Index (EBRI) provides aggregated data for BRI countries and regions across time. The aggregated values reflect the positive and negative trends in investment climate and GDP since Q4 2013.

Global risk subsided in the first half of the year, according to Euromoney’s country risk survey, with confidence in Europe maintained and commodity producers benefiting from better terms of trade. Yet with US interest rates rising, and Brexit, Russia and protectionism risks prevailing, investor prospects have more recently become uncertain for the remainder of 2018.