The short-term political risk has been downgraded from category 3 to 4 as current account receipts are expected to decrease this year amid lower oil prices (crude oil production began in 2011) and a sharp drop in remittances as two thirds of them are coming from Italy and Greece. As a result, foreign exchange reserves have slightly decreased and are expected to continue to decline in the coming months.
11 Feb 2019
OECD premium categories: Albania, Egypt, Kazakhstan, Uzbekistan upgraded, and Bahrain downgraded
In accordance with the country risk classifications of the OECD Arrangement, Credendo has upgraded Albania, Egypt, Kazakhstan and Uzbekistan’s ...