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Taiwan placed 5th in BlackRock risk index

Taiwan placed 5th in BlackRock risk index

Taipei, May 5 (CNA) Taiwan was rated fifth in the year's first quarterly BlackRock Sovereign Risk Index (BSRI), up one notch from the fourth quarter of last year, retaining the highest ranking it received in the third quarter of 2013 since the index was launched in June 2011. In Asia, Taiwan was placed only behind Singapore in the rankings of the BlackRock Investment Institute, an investment risk analysis firm. Downward revisions to the International Monetary Fund (IMF)'s net debt estimates for several countries led to a reshuffling of BSRI rankings. Of the 50 countries BlackRock ranks in its index, Belgium and Ireland rose six notches to 32nd and 40th, respectively, while Denmark and Japan moved up four and three notches to 8th and 29th, respectively. China's overall BSRI rank climbed to 29th, largely as a result of its improved performance in the "willingness to pay" category, which measures a government's perceived effectiveness and stability and factors such as perceived corruption. The index breaks down the data into four main categories that count toward a country's final BSRI score and ranking: Fiscal space (40 percent), willingness to pay (30 percent), external finance position (20 percent) and financial sector health (10 percent). (By Tien Yu-pin and Evelyn Kao)


Updated : 2021-09-22 20:18 GMT+08:00