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government agency that helps domestic companies invest abroad, will provide US$120 million in financing and political risk insurance for companies in El Salvador, Honduras and Nicaragua. The Bolivian government's bid to nationalize its oil and gas industry is setting off alarms in trade credit and political risk insurance markets, even though this development is a wreck experts have seen coming for some time. For example, to enhance its ability to efficiently securitize the loan in the future, the lender required political risk insurance, as Nevis does not have a sovereign rating. |
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