IOR Country Discount Scheme

The Institute of Operational Risk uses the World Bank country classifications to apply discounts to certain countries, as listed below.

Country Discount Professional Pays Associate Pays
Afghanistan 60 % 62 31
Albania 20 % 125 62
Algeria 20 % 125 62
American Samoa 20 % 125 62
Andorra 0 % 156 78
Angola 40 % 94 47
Antigua and Barbuda 0 % 156 78
Argentina 20 % 125 62
Armenia 40 % 94 47
Aruba 0 % 156 78
Australia 0 % 156 78
Austria 0 % 156 78
Azerbaijan 20 % 125 62
Bahamas, The 0 % 156 78
Bahrain 0 % 156 78
Bangladesh 60 % 62 31
Barbados 0 % 156 78
Belarus 20 % 125 62
Belgium 0 % 156 78
Belize 20 % 125 62
Benin 60 % 62 31
Bermuda 0 % 156 78
Bhutan 40 % 94 47
Bolivia 40 % 94 47
Bosnia and Herzegovina 20 % 125 62
Botswana 20 % 125 62
Brazil 20 % 125 62
Brunei Darussalam 0 % 156 78
Bulgaria 20 % 125 62
Burkina Faso 60 % 62 31
Burundi 60 % 62 31
Cambodia 60 % 62 31
Cameroon 40 % 94 47
Canada 0 % 156 78
Cape Verde 40 % 94 47
Cayman Islands 0 % 156 78
Central African Republic 60 % 62 31
Chad 60 % 62 31
Channel Islands 0 % 156 78
Chile 0 % 156 78
China 20 % 125 62
Colombia 20 % 125 62
Comoros 60 % 62 31
Congo, Dem. Rep. 60 % 62 31
Congo, Rep. 40 % 94 47
Costa Rica 20 % 125 62
Cote d'Ivoire 40 % 94 47
Croatia 0 % 156 78
Cuba 20 % 125 62
Curacao 0 % 156 78
Cyprus 0 % 156 78
Czech Republic 0 % 156 78
Denmark 0 % 156 78
Djibouti 40 % 94 47
Dominica 20 % 125 62
Dominican Republic 20 % 125 62
Ecuador 20 % 125 62
Egypt, Arab Rep. 40 % 94 47
El Salvador 40 % 94 47
Equatorial Guinea 0 % 156 78
Eritrea 60 % 62 31
Estonia 0 % 156 78
Ethiopia 60 % 62 31
Faeroe Islands 0 % 156 78
Fiji 40 % 94 47
Finland 0 % 156 78
France 0 % 156 78
French Polynesia 0 % 156 78
Gabon 20 % 125 62
Gambia, The 60 % 62 31
Georgia 40 % 94 47
Germany 0 % 156 78
Ghana 40 % 94 47
Gibraltar 0 % 156 78
Greece 0 % 156 78
Greenland 0 % 156 78
Grenada 20 % 125 62
Guam 0 % 156 78
Guatemala 40 % 94 47
Guinea 60 % 62 31
Guinea-Bissau 60 % 62 31
Guyana 40 % 94 47
Haiti 60 % 62 31
Honduras 40 % 94 47
Hong Kong SAR, China 0 % 156 78
Hungary 20 % 125 62
Iceland 0 % 156 78
India 40 % 94 47
Indonesia 40 % 94 47
Iran, Islamic Rep. 20 % 125 62
Iraq 40 % 94 47
Ireland 0 % 156 78
Isle of Man 0 % 156 78
Israel 0 % 156 78
Italy 0 % 156 78
Jamaica 20 % 125 62
Japan 0 % 156 78
Jordan 20 % 125 62
Kazakhstan 20 % 125 62
Kenya 60 % 62 31
Kiribati 40 % 94 47
Korea, Dem. Rep. 60 % 62 31
Korea, Rep. 0 % 156 78
Kosovo 40 % 94 47
Kuwait 0 % 156 78
Kyrgyz Republic 60 % 62 31
Lao PDR 40 % 94 47
Latvia 0 % 156 78
Lebanon 20 % 125 62
Lesotho 40 % 94 47
Liberia 60 % 62 31
Libya 20 % 125 62
Liechtenstein 0 % 156 78
Lithuania 0 % 156 78
Luxembourg 0 % 156 78
Macao SAR, China 0 % 156 78
Macedonia, FYR 20 % 125 62
Madagascar 60 % 62 31
Malawi 60 % 62 31
Malaysia 20 % 125 62
Maldives 20 % 125 62
Mali 60 % 62 31
Malta 0 % 156 78
Marshall Islands 40 % 94 47
Mauritania 40 % 94 47
Mauritius 20 % 125 62
Mayotte 20 % 125 62
Mexico 20 % 125 62
Micronesia, Fed. Sts. 40 % 94 47
Moldova 40 % 94 47
Monaco 0 % 156 78
Mongolia 40 % 94 47
Montenegro 20 % 125 62
Morocco 40 % 94 47
Mozambique 60 % 62 31
Myanmar 60 % 62 31
Namibia 20 % 125 62
Nepal 60 % 62 31
Netherlands 0 % 156 78
New Caledonia 0 % 156 78
New Zealand 0 % 156 78
Nicaragua 40 % 94 47
Niger 60 % 62 31
Nigeria 40 % 94 47
Northern Mariana Islands 0 % 156 78
Norway 0 % 156 78
Oman 0 % 156 78
Pakistan 40 % 94 47
Palau 20 % 125 62
Panama 20 % 125 62
Papua New Guinea 40 % 94 47
Paraguay 40 % 94 47
Peru 20 % 125 62
Philippines 40 % 94 47
Poland 0 % 156 78
Portugal 0 % 156 78
Puerto Rico 0 % 156 78
Qatar 0 % 156 78
Romania 20 % 125 62
Russian Federation 0 % 156 78
Rwanda 60 % 62 31
Samoa 40 % 94 47
San Marino 0 % 156 78
Sao Tome and Principe 40 % 94 47
Saudi Arabia 0 % 156 78
Senegal 40 % 94 47
Serbia 20 % 125 62
Seychelles 20 % 125 62
Sierra Leone 60 % 62 31
Singapore 0 % 156 78
Sint Maarten (Dutch part) 0 % 156 78
Slovak Republic 0 % 156 78
Slovenia 0 % 156 78
Solomon Islands 40 % 94 47
Somalia 60 % 62 31
South Africa 20 % 125 62
South Sudan 60 % 62 31
Spain 0 % 156 78
Sri Lanka 40 % 94 47
St. Kitts and Nevis 0 % 156 78
St. Lucia 20 % 125 62
St. Martin (French part) 0 % 156 78
St. Vincent and the Grenadines 20 % 125 62
Sudan 40 % 94 47
Suriname 20 % 125 62
Swaziland 40 % 94 47
Sweden 0 % 156 78
Switzerland 0 % 156 78
Syrian Arab Republic 40 % 94 47
Tajikistan 60 % 62 31
Tanzania 60 % 62 31
Thailand 20 % 125 62
Timor-Leste 40 % 94 47
Togo 60 % 62 31
Tonga 40 % 94 47
Trinidad and Tobago 0 % 156 78
Tunisia 20 % 125 62
Turkey 20 % 125 62
Turkmenistan 20 % 125 62
Turks and Caicos Islands 0 % 156 78
Tuvalu 20 % 125 62
Uganda 60 % 62 31
Ukraine 40 % 94 47
United Arab Emirates 0 % 156 78
United Kingdom 0 % 156 78
United States 0 % 156 78
Uruguay 0 % 156 78
Uzbekistan 40 % 94 47
Vanuatu 40 % 94 47
Venezuela, RB 20 % 125 62
Vietnam 40 % 94 47
Virgin Islands (U.S.) 0 % 156 78
West Bank and Gaza 40 % 94 47
Yemen, Rep. 40 % 94 47
Zambia 40 % 94 47
Zimbabwe 60 % 62 31
Palestine 60 % 62 31
British Virgin Islands 0 % 156 78
Jersey 0 % 156 78
Guernsey 0 % 156 78