Indonesia, Philippines, Sri Lanka, Bangladesh among the next BRICs?

PARIS – Global credit insurer Coface has identified 10 emerging countries with what they call “good production prospects and sufficient financing to support expansion” to become the next generation of BRIC (Brazil, Russia, India, China) rated economies.

Coface says Colomba, Indonesia, Peru, the Philippines and Sri Lanka have the sound business climate (A4 or B), similar to that of the BRIC countries today.

Kenya, Tanzania, Zambia, Bangladesh and Ethiopia have very difficult (C)  or extremely difficult (D) business environments which could hamper their growth prospects, but Coface says the quality of governance in these countries is similar to that of the BRIC countries in 2001.

Coface also points out that after 10 years of frenetic growth, the BRICs are slowing down sharply. For 2014, Coface forecasts average growth 3.2 points lower than the average growth thse countries registered over the previous decade. www.coface.com (ATI).