Methodology

The Treasury Health Score™

A single, transparent 0–100 score blending five pillars of sovereign fiscal health. Built on open, source-attributed data from the IMF, World Bank, OECD, BIS, and ministry filings.

Debt Sustainability
30%
Fiscal Discipline
20%
Governance
20%
Economic Resilience
20%
ESG Readiness
10%
Pillar 01
Debt Sustainability

Stock and trajectory of public debt relative to repayment capacity.

30%
weight
Debt / GDPExternal debtMaturity wallInterest burden
Pillar 02
Fiscal Discipline

Budget execution, primary balance, and counter-cyclical capacity.

20%
weight
Primary balanceRevenue stabilityExpenditure efficiency
Pillar 03
Governance

Worldwide Governance Indicators averaged and normalised to 0–100.

20%
weight
Voice & accountabilityRule of lawCorruption controlReg. quality
Pillar 04
Economic Resilience

Ability to absorb external shocks and maintain output.

20%
weight
Real GDP growthInflationReservesCurrent account
Pillar 05
ESG Readiness

Sustainability disclosure and climate-aligned issuance.

10%
weight
Disclosure scoreGreen bondsCO₂ / capitaClimate finance
Formula
health_score =
    0.30 · debt_score
  + 0.20 · fiscal_score
  + 0.20 · governance_score
  + 0.20 · resilience_score
  + 0.10 · esg_score

tier =
  ≥ 85 → Excellent
  ≥ 70 → Strong
  ≥ 55 → Stable
  ≥ 40 → Watchlist
   <40 → High Risk