Elevated
Peer rank #3 of 10
MoM -2.2
CRI trend
Apr 2026 · May 2026
Pillar scores
Currency (20%)
25
Sovereign (20%)
48
Regulatory (15%)
41
Counterparty (15%)
93
Liquidity (15%)
62
Political (15%)
42
Indicator inputs
Currency
25- Parallel-vs-official FX premium
- 4 %n9
- 12-month local-currency depreciation
- 20 %n25
- Inflation (YoY)
- 26 %n40
Sovereign
48- External debt / GDP
- 82 %n78
- In external arrears
- 0 0/1n0
- ICRG-style sovereign band
- 7 1–10n67
Regulatory
41- Months since last RBZ/FX directive
- 27 monthsn64
- Investment-approval backlog
- 10 weeksn58
- FATF grey/black-list status
- 0 0/1/2n0
Counterparty
93- Banking-sector NPL ratio
- 17 %n100
- State-owned-enterprise share of economy
- 35 %n85
Liquidity
62- Equity-market turnover / market-cap
- 2 %n97
- Days to repatriate USD
- 38 daysn26
Political
42- Months to next national election
- 27 monthsn38
- ACLED conflict-events trend
- 16 indexn10
- Governance percentile
- 23 0–100n77
Each row shows the raw indicator value and (n) its peer-relative normalised 0–100 risk value. Source: desk estimates from public data.
Indicative composite · Not investment advice · May 2026