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04 Dec 2009 description
  • Could provide provide political risk cover to investors

    * Looking for $100 mln to underwrite $500 mln investment

    * Palestinians, Iraq, Afghanistan, Africa could benefit

    * Hopes should cement peace, deter new conflict

    By Peter Apps, Political Risk Correspondent

    LONDON, Dec 4 (Reuters) - The World Bank is looking at a $100 million political risk insurance scheme for countries recovering from war to boost private investment, senior officials from its investment guarantee agency said.

    Foreign investors use political risk insurance to cover themselves against loss of …