I need to address these questions in a country risk project. Can you help? My country is the Philippines.

What is the default risk spread (difference between your countrys treasury bill rate and the us treasury bill rate)? Make sure you use the same maturity. Has the spread changed over the last five years. What does this tell you?

Evaluate the level of country risk present in your country, both political and financial, based on the information. Have there been any expropriations of foreign assets in the last 5 years? Are there restrictions on the repatriation of profits? What is the degree of financial repression? Would you purchase political risk insurance? Is it available from MIGA?