Level of governance stability affecting overall risk levels on a scale of 0 (good) to 10 (bad). The subjectivity of HFA Scores is counterweighted by arithmetical average with external indicators of Governance component, i.e. the Government Effectiveness and Corruption Perception Index. The Government Effectiveness captures perceptions of the quality of public services, the quality of the civil service and the degree of its independence from political pressures, the quality of policy formulation and implementation, and the credibility of the government’s commitment to such policies while the Corruption Perception Index adds another perspective, that is the level of misuse of political power for privatebenefit, which is not directly considered in the construction of the Government Effectiveness even though interrelated.