Catalog

	Table of Contents
p. 15 of 21 BACK | NEXT I. Introduction II. An Overview of the Political Risk Insurance (PRI) Market III. Review of ADB's Partial Risk Guarantee (PRG) Program IV. Recommendation for Changes to ADB's PRG A. Redefining the Coverage of the PRG Instrument B. Defining the Fee Structure C. Covering Interest D. Introducing a PRG Prudential Limit E. Introducing a Coguarantee Program and a Collaboration Program F. Improving the Product Name G. Improving Communications with the Market and Potential Users H. Creating a PRG Focus Group I. The Use of ADB’s Financing Instruments and Staff Implications J. Summary of Proposed Changes to the PRG V. Potential Benefits of the Proposed PRJ Program VI. Conclusion

Review of the Partial Risk Guarantee of the Asian Development Bank : IV. Recommendation for Changes to ADB's PRG

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F. Improving the Product Name

64. It is proposed that the product be renamed from partial risk guarantee to “political risk guarantee”. “Political risk guarantee” is the technical term widely used and understood by the market. It captures the nature of the product more precisely and, therefore, facilitates communication with the market and potential users of the product. It also has the advantage of avoiding confusion with the partial credit guarantee. IADB recently introduced a similar change in product names and MIGA has always used the term “political risk guarantees” in its operations.

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