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p. 2 of 21 BACK | NEXT I. Introduction II. An Overview of the Political Risk Insurance (PRI) Market A. Types of PRI Investment Coverage B. Major Underwriters in the PRI Market C. Premium Rates and Loss Histories of Major PRI Underwriters III. Review of ADB's Partial Risk Guarantee (PRG) Program IV. Recommendation for Changes to ADB's PRG V. Potential Benefits of the Proposed PRJ Program VI. Conclusion

Review of the Partial Risk Guarantee of the Asian Development Bank

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II. An Overview of the Political Risk Insurance (PRI) Market

3. ADB’s PRG can provide coverage against well-defined risks. Depending on the requirements of a project, these risks may include some or all of the following categories: expropriation, currency inconvertibility or nontransfer, political violence, and breach of contract. In project finance, such risks are typically referred to as political risks, as distinct from purely commercial or project-related risks. Coverage against such political risks can be purchased from political risk insurers.⁴ The following sections provide an overview of the PRI market.⁵

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