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 % 60 30
Albania 20 % 120 60
Algeria 20 % 120 60
American Samoa 20 % 120 60
Andorra 0 % 150 75
Angola 40 % 90 45
Antigua and Barbuda 0 % 150 75
Argentina 20 % 120 60
Armenia 40 % 90 45
Aruba 0 % 150 75
Australia 0 % 150 75
Austria 0 % 150 75
Azerbaijan 20 % 120 60
Bahamas, The 0 % 150 75
Bahrain 0 % 150 75
Bangladesh 60 % 60 30
Barbados 0 % 150 75
Belarus 20 % 120 60
Belgium 0 % 150 75
Belize 20 % 120 60
Benin 60 % 60 30
Bermuda 0 % 150 75
Bhutan 40 % 90 45
Bolivia 40 % 90 45
Bosnia and Herzegovina 20 % 120 60
Botswana 20 % 120 60
Brazil 20 % 120 60
Brunei Darussalam 0 % 150 75
Bulgaria 20 % 120 60
Burkina Faso 60 % 60 30
Burundi 60 % 60 30
Cambodia 60 % 60 30
Cameroon 40 % 90 45
Canada 0 % 150 75
Cape Verde 40 % 90 45
Cayman Islands 0 % 150 75
Central African Republic 60 % 60 30
Chad 60 % 60 30
Channel Islands 0 % 150 75
Chile 0 % 150 75
China 20 % 120 60
Colombia 20 % 120 60
Comoros 60 % 60 30
Congo, Dem. Rep. 60 % 60 30
Congo, Rep. 40 % 90 45
Costa Rica 20 % 120 60
Cote d'Ivoire 40 % 90 45
Croatia 0 % 150 75
Cuba 20 % 120 60
Curacao 0 % 150 75
Cyprus 0 % 150 75
Czech Republic 0 % 150 75
Denmark 0 % 150 75
Djibouti 40 % 90 45
Dominica 20 % 120 60
Dominican Republic 20 % 120 60
Ecuador 20 % 120 60
Egypt, Arab Rep. 40 % 90 45
El Salvador 40 % 90 45
Equatorial Guinea 0 % 150 75
Eritrea 60 % 60 30
Estonia 0 % 150 75
Ethiopia 60 % 60 30
Faeroe Islands 0 % 150 75
Fiji 40 % 90 45
Finland 0 % 150 75
France 0 % 150 75
French Polynesia 0 % 150 75
Gabon 20 % 120 60
Gambia, The 60 % 60 30
Georgia 40 % 90 45
Germany 0 % 150 75
Ghana 40 % 90 45
Gibraltar 0 % 150 75
Greece 0 % 150 75
Greenland 0 % 150 75
Grenada 20 % 120 60
Guam 0 % 150 75
Guatemala 40 % 90 45
Guinea 60 % 60 30
Guinea-Bissau 60 % 60 30
Guyana 40 % 90 45
Haiti 60 % 60 30
Honduras 40 % 90 45
Hong Kong SAR, China 0 % 150 75
Hungary 20 % 120 60
Iceland 0 % 150 75
India 40 % 90 45
Indonesia 40 % 90 45
Iran, Islamic Rep. 20 % 120 60
Iraq 40 % 90 45
Ireland 0 % 150 75
Isle of Man 0 % 150 75
Israel 0 % 150 75
Italy 0 % 150 75
Jamaica 20 % 120 60
Japan 0 % 150 75
Jordan 20 % 120 60
Kazakhstan 20 % 120 60
Kenya 60 % 60 30
Kiribati 40 % 90 45
Korea, Dem. Rep. 60 % 60 30
Korea, Rep. 0 % 150 75
Kosovo 40 % 90 45
Kuwait 0 % 150 75
Kyrgyz Republic 60 % 60 30
Lao PDR 40 % 90 45
Latvia 0 % 150 75
Lebanon 20 % 120 60
Lesotho 40 % 90 45
Liberia 60 % 60 30
Libya 20 % 120 60
Liechtenstein 0 % 150 75
Lithuania 0 % 150 75
Luxembourg 0 % 150 75
Macao SAR, China 0 % 150 75
Macedonia, FYR 20 % 120 60
Madagascar 60 % 60 30
Malawi 60 % 60 30
Malaysia 20 % 120 60
Maldives 20 % 120 60
Mali 60 % 60 30
Malta 0 % 150 75
Marshall Islands 40 % 90 45
Mauritania 40 % 90 45
Mauritius 20 % 120 60
Mayotte 20 % 120 60
Mexico 20 % 120 60
Micronesia, Fed. Sts. 40 % 90 45
Moldova 40 % 90 45
Monaco 0 % 150 75
Mongolia 40 % 90 45
Montenegro 20 % 120 60
Morocco 40 % 90 45
Mozambique 60 % 60 30
Myanmar 60 % 60 30
Namibia 20 % 120 60
Nepal 60 % 60 30
Netherlands 0 % 150 75
New Caledonia 0 % 150 75
New Zealand 0 % 150 75
Nicaragua 40 % 90 45
Niger 60 % 60 30
Nigeria 40 % 90 45
Northern Mariana Islands 0 % 150 75
Norway 0 % 150 75
Oman 0 % 150 75
Pakistan 40 % 90 45
Palau 20 % 120 60
Panama 20 % 120 60
Papua New Guinea 40 % 90 45
Paraguay 40 % 90 45
Peru 20 % 120 60
Philippines 40 % 90 45
Poland 0 % 150 75
Portugal 0 % 150 75
Puerto Rico 0 % 150 75
Qatar 0 % 150 75
Romania 20 % 120 60
Russian Federation 0 % 150 75
Rwanda 60 % 60 30
Samoa 40 % 90 45
San Marino 0 % 150 75
Sao Tome and Principe 40 % 90 45
Saudi Arabia 0 % 150 75
Senegal 40 % 90 45
Serbia 20 % 120 60
Seychelles 20 % 120 60
Sierra Leone 60 % 60 30
Singapore 0 % 150 75
Sint Maarten (Dutch part) 0 % 150 75
Slovak Republic 0 % 150 75
Slovenia 0 % 150 75
Solomon Islands 40 % 90 45
Somalia 60 % 60 30
South Africa 20 % 120 60
South Sudan 60 % 60 30
Spain 0 % 150 75
Sri Lanka 40 % 90 45
St. Kitts and Nevis 0 % 150 75
St. Lucia 20 % 120 60
St. Martin (French part) 0 % 150 75
St. Vincent and the Grenadines 20 % 120 60
Sudan 40 % 90 45
Suriname 20 % 120 60
Swaziland 40 % 90 45
Sweden 0 % 150 75
Switzerland 0 % 150 75
Syrian Arab Republic 40 % 90 45
Tajikistan 60 % 60 30
Tanzania 60 % 60 30
Thailand 20 % 120 60
Timor-Leste 40 % 90 45
Togo 60 % 60 30
Tonga 40 % 90 45
Trinidad and Tobago 0 % 150 75
Tunisia 20 % 120 60
Turkey 20 % 120 60
Turkmenistan 20 % 120 60
Turks and Caicos Islands 0 % 150 75
Tuvalu 20 % 120 60
Uganda 60 % 60 30
Ukraine 40 % 90 45
United Arab Emirates 0 % 150 75
United Kingdom 0 % 150 75
United States 0 % 150 75
Uruguay 0 % 150 75
Uzbekistan 40 % 90 45
Vanuatu 40 % 90 45
Venezuela, RB 20 % 120 60
Vietnam 40 % 90 45
Virgin Islands (U.S.) 0 % 150 75
West Bank and Gaza 40 % 90 45
Yemen, Rep. 40 % 90 45
Zambia 40 % 90 45
Zimbabwe 60 % 60 30
Palestine 60 % 60 30
British Virgin Islands 0 % 150 75
Jersey 0 % 150 75