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FrançaisCountry risk
The possibility of non-payment caused by such buyer-country related problems as political instability, war, arbitrary government action and exchange inconvertibility, as opposed to problems that could be encountered by the buyer such as insolvency or bankruptcy. A country-risk country classification is offered by COFACE (Compagnie Française d´Asssurance pour le Commerce Exterieur). Also called political or economic risk.
