What does PRIS mean in POLITICS
PRIS stands for Political Risk Insurance Scheme. It is a government-backed insurance program that provides protection for businesses against political risks in foreign countries. These risks can include war, terrorism, expropriation, civil unrest, and currency inconvertibility.
PRIS meaning in Politics in Governmental
PRIS mostly used in an acronym Politics in Category Governmental that means Political Risk Insurance Scheme
Shorthand: PRIS,
Full Form: Political Risk Insurance Scheme
For more information of "Political Risk Insurance Scheme", see the section below.
» Governmental » Politics
Types of Coverage
PRIS typically provides coverage for the following types of risks:
- Expropriation: The government of a foreign country seizes or nationalizes the assets of a foreign business.
- War and civil unrest: Damage to property or loss of revenue due to war, terrorism, or civil disturbances.
- Currency inconvertibility: The inability to convert local currency into a convertible currency, such as the US dollar.
- Contract frustration: The inability to fulfill a contract due to government action or other political events.
Eligibility
To be eligible for PRIS coverage, businesses must meet the following criteria:
- Be a US business with significant investments in a foreign country.
- Have a sound business plan and a proven track record of success.
- Be able to demonstrate that the political risks in the foreign country are likely to have a material impact on the business.
Benefits of PRIS
PRIS provides a number of benefits to businesses, including:
- Peace of mind: Knowing that their investments are protected against political risks.
- Reduced cost of capital: Lenders may be more willing to lend money to businesses that are insured against political risks.
- Increased competitiveness: Businesses that are insured against political risks can compete more effectively in foreign markets.
Final Words: PRIS is a valuable tool for businesses that are operating in politically risky countries. It can provide peace of mind, reduce the cost of capital, and increase competitiveness. Businesses should consider carefully whether PRIS is right for them.
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