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Record demand expected for political risk cover: World Bank

December 6, 2013 - 6:00am

The World Bank has said investor demand for insurance covering political risk will probably hit the 2012 record given the continued instability in the Middle East and disputes in Latin America, Bloomberg reported.

A World Bank unit said concerns over general market turbulence, resource nationalism and capital constraints, among other things, continue to drive demand. It said investment insurance for developing economies by a group of key providers totaled $45 billion by mid-2013. Such coverage reached $88 billion in 2012 even as foreign direct investment dropped.

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