Bolivia's country risk--should it change credit terms?(INTERNATIONAL)

On May 1, 2006, Bolivian President Evo Morales seized control of foreign oil and gas company assets. This is the kind of dramatic political event that credit professionals, who sell to companies overseas, must monitor and try to anticipate. Under the category of factors known as country risk, asset seizures, as well as political, economic and natural world events add an extra dimension of risk to overseas sales. Those interested in the relationship between country risk and credit terms may want to closely watch recent and ongoing events in Bolivia, even if they do not sell products or services to the region. Although the country's level of international trade is on a ...