New measures will help business assess sovereign risk in SE Asia: PM

Anthony Albanese has said measures adopted by his government to bolster two-way trade with South-East Asia will help individual businesses assess sovereign risk, but he has stopped short of endorsing the concept of underwriting political risk insurance.

Speaking at the special Association of Southeast Asian Nations meeting in Melbourne, where he had just announced a suite of initiatives including a $2 billion finance facility to help fund green energy and infrastructure investment, Mr Albanese said it was no longer a “one size fits all” approach to investing in a region, parts of which had a history of political volatility and corruption.