| ICRG MODEL (country risk scorecard) |
| FINANCIAL RISK - 50 pts |
| | Weight | Score | Data and source |
| Foreign debt as % of GDP | 10 |
| Foreign debt service as % of XGS | 10 |
| Current account % XGS | 15 |
| Net liquidity as months of import cover | 5 |
| Exchange rate stability (appreciation 12 mo) | 10 |
| ECONOMIC RISK - 50 pts |
| | Weight | Score | Data and source |
| Per capita GDP vs. world pc GDP | 5 |
| Real annual GDP growth | 10 |
| Annual inflation rate | 10 |
| Budget deficit as % of GDP | 10 |
| Current account balance as % of GDP | 15 |
| POLITICAL RISK - 100 pts |
| | Weight | Score | Comments - explanation |
| Government stability (ability to carry on programs and stay in office) | 12 |
| Socioeconomic conditions (satisfaction of public with gvt policies) | 12 |
| Investment profile - see components | 12 |
| risk to operations (0 - 4 pts) |
| taxation (0 - 4 pts) |
| repatriation of profits ((0 - 4 pts) |
| labor costs (0 - 4 pts) |
| Internal conflict - see components | 12 |
| Political violence (sporadic or sustained) |
| local (1-3 pts) |
| regional (1-3 pts) |
| nationwide (1-3 pts) |
| includes |
| Terrorism (0 - 1pts) |
| Kidnapping for ransom (0 or 1 pt) |
| Civil war ( 0 or 1 pt) |
| External conflict - risk to investment posed by | 12 |
| warfare (0- 4 pts) |
| border incursions (0 - 2 pts) |
| geopolitical disputes (0 - 2 pts) |
| embargoes (0 - 2 pts) |
| trade restrictions (0 - 2 pts) |
| Corruption | 6 |
| bribes (0 - 2 pts) |
| nepotism (0 - 2 pts) |
| excessive tied between business and politics (0 - 2 pts) |
| Military in politics | 6 |
| Religious tensions - see components | 6 |
| domination or governance of one religious group (0 - 2 pts) |
| suppression of religious freedom (0 - 2 pts) |
| desire of religious group to express their identity separately (0 - 2 pts) |
| Law and order | 6 |
| strength and impartiality of legal system (0 - 3 pts) | 3 |
| order - popular obervance of the law (0 - 3 pts) | 3 |
| Ethnic tensions - see components | 6 |
| racial (0 - 2 pts) |
| nationality (0 - 2 pts) |
| language divisions (0 - 2 pts) |
| Democratic accountability (not necessarily elected - "legitimacy") | 6 |
| Bureaucracy (institutional strength - freedom from political pressure) | 4 |
| FINANCIAL RISK SCORE | 0 | | SCORE COMPUTES AUTOMATICALLY |
| ECONOMIC RISK SCORE | 0 | | DO NOT INPUT DATA IN THE HIGHLIGHTED CELLS |
| POLITICAL RISK SCORE | 0 |
| RAW SCORE | 0 |
| RISK SCORE | 0 |
| RISK CATEGORY |
| Risk score | Risk category |
| 80.0 to 100.0 points | Very low risk |
| 70.0 to 79.5 points | Low risk |
| 60.0 to 69.5 points | Moderate risk |
| 50.0 to 59.5 points | High risk |
| 00.0 to 49.5 points | Very high risk |
ricyru
ICRGSPREADSHEET2017.xlsx
