Small economies risk debt default
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World
Smaller economies' medium term default risk could have risen

81% Informative
Some of the world's smallest economies, especially in Africa , could be at increased risk of being unable to pay their debts in the medium term.
The pandemic, the Ukraine war , and domestic strife have led governments, including Argentina , Ecuador , Ethiopia , Ghana , Sri Lanka and Zambia , to default since 2020 .
Investors do not expect more sovereign defaults in 2025 , but credit metrics for smaller and riskier countries point to a structural weakening.
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