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World Development Report 2011

“Missions Suspended”: Does The Bank Need to Worry about ‘Political Risks’ - and What Does That Mean?

Verena Fritz's picture

For World Bank staff, it’s the announcement on the intranet: at a rate of about once a month, missions are being suspended to some country. All upcoming trips to the concerned country are being cancelled. Sometimes, the events – a disputed presidential election, riots against rising food prices, an increase in bus fares or the price of electricity, or a sudden clash between different ethnicities who previously seemed to live together peacefully – makes international news. At other times, the country concerned is too obscure and the instability is either too short-lived or too recurrent and there is barely a mentioning in the media.