Christopher has accepted two invitations to Riyadh this year to participate in ministerial meetings involving the Anti-Corruption Authorities of the Gulf Cooperation Council (GCC) and the Organization of Islamic Cooperation (OIC). Other participants include representatives from the World Bank, the IMF, and the OECD.
Christopher met with Marat Akhmetzhanov, Chairman of Kazakhstan’s Anti-Corruption Agency, and his staff to discuss several of the ongoing initiatives in light of the events of January in the country. Informative to say the least, the country sees the importance of SME development as a means of addressing socio-economic disparities.
Do natural resources jeopardize a country’s fiscal sustainability even before ‘the first drop of oil is pumped?’ Using our ICRG data on corruption, and several other metrics as a proxy for overall political stability, this interesting piece from the IMF Working Paper series finds that giant discoveries, mostly of oil and gas, lead to permanently higher government debt and, eventually, debt distress episodes, especially in countries with weaker political institutions and governance.
Using elements of the ICRG risk data (inter alia), a recent study published in the Bank of Italy’s Occasional Paper series presents some noteworthy findings on the impact of the IMF’s resources on sovereign spreads.
Given the spread of the omicron virus, an interesting study was published in Globalization and Health, in which our ICRG risk metrics were instructive in explaining why globalized countries, with high levels of government effectiveness, were relatively more cautious in implementing travel restrictions than those with lower levels of public efficacy.
PRS releases a new geopolitical data series as part of the firm’s popular Researchers’ Datasets (RDS). This new series offers the annual averages (beginning in 2001) of the 15-political risk subcomponents of the 140 countries from the ICRG. This most granular approach to overall geopolitical risk assessment delivers a thoroughly vetted, quant-based look at the building blocks of government stability, the bases for a country’s socioeconomic health; the key risks facing business and investment, from contract repudiation to transfer and payment delays; to the increasingly important role that local and international politics plays in relation to forms of internal dissent (strike activity, terrorism, civil war) and to global relations (cross border conflict, sanctions).