Review of the Partial Risk Guarantee of the Asian Development Bank

Date: November 2000
Subject:
ADB administration and governance

Description

In 1995, the review of the guarantee operations of the Asian Development Bank (ADB) introduced the partial risk guarantee (PRG) as a new instrument to expand guarantee operations. The Board approved a second review of guarantee operations in 1999. In April 2000, the Board approved a review paper on fees for partial credit guarantees (PCGs). The current paper reviews ADB's experience with the PRG and proposes possible improvements to the instrument.

Contents

  • Introduction
  • An Overview of the Political Risk Insurance (PIR) Market
  • Review of ADB's Partial Risk Guarantee (PR) Program
  • Recommendation for Changes to ADB's PRG
  • Potential Benefits of the Proposed PRG Prgoram
  • Conclusion
  • Appendixes