Country Risk occurs when an organization engages a foreign-based service provider, exposing the Outsourcer to possible economic, social, and political conditions and events from the country where the provider is located.
Retrieved and adapted from Guidance on Managing Outsourcing Risk. Division of Banking Supervision and Regulation Division of Consumer and Community Affairs Board of Governors of the Federal Reserve System. (2018). https://www.federalreserve.gov/supervisionreg/srletters/sr1319a1.pdf