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<table x:str border=3D0 cellpadding=3D0 cellspacing=3D0 width=3D988 style=
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 collapse;table-layout:fixed;width:742pt'>
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h:122pt'>
 <col width=3D87 style=3D'mso-width-source:userset;mso-width-alt:3181;width=
:65pt'>
 <col width=3D33 style=3D'mso-width-source:userset;mso-width-alt:1206;width=
:25pt'>
 <col width=3D172 style=3D'mso-width-source:userset;mso-width-alt:6290;widt=
h:129pt'>
 <col width=3D94 style=3D'mso-width-source:userset;mso-width-alt:3437;width=
:71pt'>
 <col width=3D153 style=3D'mso-width-source:userset;mso-width-alt:5595;widt=
h:115pt'>
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  <td height=3D20 class=3Dxl76 align=3Dright width=3D64 style=3D'height:15.=
0pt;
  width:48pt' x:num>2007</td>
  <td class=3Dxl76 align=3Dright width=3D64 style=3D'width:48pt' x:num>2008=
</td>
  <td class=3Dxl66 width=3D64 style=3D'width:48pt'></td>
  <td class=3Dxl76 width=3D163 style=3D'width:122pt'>CIM ranking</td>
  <td class=3Dxl76 width=3D87 style=3D'width:65pt'>Classification</td>
  <td class=3Dxl66 width=3D33 style=3D'width:25pt'></td>
  <td class=3Dxl76 width=3D172 style=3D'width:129pt'><span
  style=3D'mso-spacerun:yes'>&nbsp;</span>Govt Effectiveness (WGI)</td>
  <td class=3Dxl76 width=3D94 style=3D'width:71pt'>Rule of Law</td>
  <td class=3Dxl76 width=3D153 style=3D'width:115pt'>Regulatory Quality</td>
  <td class=3Dxl76 width=3D94 style=3D'width:71pt'>Corruption</td>
 </tr>
 <tr height=3D35 style=3D'height:26.25pt'>
  <td height=3D35 class=3Dxl67 align=3Dright style=3D'height:26.25pt'
  x:num=3D"0.97859233956794944">97.9%</td>
  <td class=3Dxl67 align=3Dright x:num=3D"0.97897383586014852">97.9%</td>
  <td class=3Dxl68></td>
  <td class=3Dxl69 width=3D163 style=3D'width:122pt'>Lebanon</td>
  <td class=3Dxl70 width=3D87 style=3D'width:65pt'>democracy</td>
  <td class=3Dxl66></td>
  <td class=3Dxl66>Israel</td>
  <td class=3Dxl66>Israel</td>
  <td class=3Dxl66>Israel</td>
  <td class=3Dxl66>Qatar</td>
 </tr>
 <tr height=3D20 style=3D'height:15.0pt'>
  <td height=3D20 class=3Dxl67 align=3Dright style=3D'height:15.0pt'
  x:num=3D"0.96621297505688042">96.6%</td>
  <td class=3Dxl67 align=3Dright x:num=3D"0.96775532796967689">96.8%</td>
  <td class=3Dxl68></td>
  <td class=3Dxl71 width=3D163 style=3D'border-top:none;width:122pt'>Kuwait=
</td>
  <td class=3Dxl72 width=3D87 style=3D'width:65pt'>GCC</td>
  <td class=3Dxl66></td>
  <td class=3Dxl73>UAE</td>
  <td class=3Dxl66>Qatar</td>
  <td class=3Dxl66>Bahrain</td>
  <td class=3Dxl66>UAE</td>
 </tr>
 <tr height=3D20 style=3D'height:15.0pt'>
  <td height=3D20 class=3Dxl67 align=3Dright style=3D'height:15.0pt'
  x:num=3D"0.96419158641662439">96.4%</td>
  <td class=3Dxl67></td>
  <td class=3Dxl68></td>
  <td class=3Dxl71 width=3D163 style=3D'border-top:none;width:122pt'>Israel=
</td>
  <td class=3Dxl72 width=3D87 style=3D'width:65pt'>GCC</td>
  <td class=3Dxl66></td>
  <td class=3Dxl73>Qatar</td>
  <td class=3Dxl66>Oman</td>
  <td class=3Dxl66>Qatar</td>
  <td class=3Dxl66>Israel</td>
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 <tr height=3D20 style=3D'height:15.0pt'>
  <td height=3D20 class=3Dxl67 align=3Dright style=3D'height:15.0pt'
  x:num=3D"0.96185439583793797">96.2%</td>
  <td colspan=3D2 class=3Dxl68 style=3D'mso-ignore:colspan'></td>
  <td class=3Dxl71 width=3D163 style=3D'border-top:none;width:122pt'>Qatar<=
/td>
  <td class=3Dxl72 width=3D87 style=3D'width:65pt'>GCC</td>
  <td class=3Dxl66></td>
  <td class=3Dxl73>Bahrain</td>
  <td class=3Dxl66>UAE</td>
  <td class=3Dxl66>Oman</td>
  <td class=3Dxl66>Oman</td>
 </tr>
 <tr height=3D26 style=3D'mso-height-source:userset;height:20.1pt'>
  <td height=3D26 class=3Dxl67 align=3Dright style=3D'height:20.1pt'
  x:num=3D"0.95442902881536817">95.4%</td>
  <td class=3Dxl67 align=3Dright x:num=3D"0.95478865703584803">95.5%</td>
  <td class=3Dxl68></td>
  <td class=3Dxl71 width=3D163 style=3D'border-top:none;width:122pt'>Bahrai=
n, Kingdom
  of</td>
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  <td class=3Dxl66></td>
  <td class=3Dxl73>Oman</td>
  <td class=3Dxl66>Kuwait</td>
  <td class=3Dxl66>UAE</td>
  <td class=3Dxl66>Kuwait</td>
 </tr>
 <tr height=3D26 style=3D'mso-height-source:userset;height:20.1pt'>
  <td height=3D26 class=3Dxl67 align=3Dright style=3D'height:20.1pt'
  x:num=3D"0.95414362003956155">95.4%</td>
  <td class=3Dxl67 align=3Dright x:num=3D"0.9451780338420015">94.5%</td>
  <td class=3Dxl68></td>
  <td class=3Dxl71 width=3D163 style=3D'border-top:none;width:122pt'>United=
 Arab
  Emirates</td>
  <td class=3Dxl72 width=3D87 style=3D'width:65pt'>GCC</td>
  <td class=3Dxl66></td>
  <td class=3Dxl74>Tunisia</td>
  <td class=3Dxl66>Bahrain</td>
  <td class=3Dxl74>Jordan</td>
  <td class=3Dxl66>Bahrain</td>
 </tr>
 <tr height=3D26 style=3D'mso-height-source:userset;height:20.1pt'>
  <td height=3D26 class=3Dxl67 align=3Dright style=3D'height:20.1pt'
  x:num=3D"0.94288641224811431">94.3%</td>
  <td class=3Dxl67></td>
  <td class=3Dxl68></td>
  <td class=3Dxl71 width=3D163 style=3D'border-top:none;width:122pt'>Iran, =
I.R. of</td>
  <td class=3Dxl72 width=3D87 style=3D'width:65pt'>democracy</td>
  <td class=3Dxl66></td>
  <td class=3Dxl74>Jordan</td>
  <td class=3Dxl74>Jordan</td>
  <td class=3Dxl66>Turkey</td>
  <td class=3Dxl74>Jordan</td>
 </tr>
 <tr height=3D20 style=3D'height:15.0pt'>
  <td height=3D20 class=3Dxl67 align=3Dright style=3D'height:15.0pt'
  x:num=3D"0.93411435017000777">93.4%</td>
  <td class=3Dxl67 align=3Dright x:num=3D"0.93813975354431689">93.8%</td>
  <td class=3Dxl68></td>
  <td class=3Dxl75 style=3D'border-top:none'>Turkey</td>
  <td class=3Dxl68>democracy</td>
  <td class=3Dxl66></td>
  <td class=3Dxl73>Turkey</td>
  <td class=3Dxl68>Saudi Arabia</td>
  <td class=3Dxl68>Saudi Arabia</td>
  <td class=3Dxl68>Saudi Arabia</td>
 </tr>
 <tr height=3D26 style=3D'mso-height-source:userset;height:20.1pt'>
  <td height=3D26 class=3Dxl67 align=3Dright style=3D'height:20.1pt'
  x:num=3D"0.90918096100742862">90.9%</td>
  <td class=3Dxl67></td>
  <td class=3Dxl68></td>
  <td class=3Dxl71 width=3D163 style=3D'border-top:none;width:122pt'>Saudi =
Arabia</td>
  <td class=3Dxl72 width=3D87 style=3D'width:65pt'>GCC</td>
  <td class=3Dxl66></td>
  <td class=3Dxl73>Kuwait</td>
  <td class=3Dxl74>Tunisia</td>
  <td class=3Dxl66></td>
  <td class=3Dxl66>Turkey</td>
 </tr>
 <tr height=3D20 style=3D'height:15.0pt'>
  <td height=3D20 class=3Dxl67 align=3Dright style=3D'height:15.0pt'
  x:num=3D"0.90781203467651939">90.8%</td>
  <td class=3Dxl67 align=3Dright x:num=3D"0.91654114572821621">91.7%</td>
  <td class=3Dxl68></td>
  <td class=3Dxl71 width=3D163 style=3D'border-top:none;width:122pt'>Oman</=
td>
  <td class=3Dxl72 width=3D87 style=3D'width:65pt'>GCC</td>
  <td class=3Dxl66></td>
  <td class=3Dxl73>Saudi Arabia</td>
  <td class=3Dxl66>Turkey</td>
  <td colspan=3D2 class=3Dxl66 style=3D'mso-ignore:colspan'></td>
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 <tr height=3D20 style=3D'height:15.0pt'>
  <td height=3D20 colspan=3D2 class=3Dxl67 style=3D'height:15.0pt;mso-ignor=
e:colspan'></td>
  <td class=3Dxl68></td>
  <td class=3Dxl71 width=3D163 style=3D'border-top:none;width:122pt'>&nbsp;=
</td>
  <td class=3Dxl72>&nbsp;</td>
  <td class=3Dxl66></td>
  <td class=3Dxl73></td>
  <td colspan=3D3 class=3Dxl66 style=3D'mso-ignore:colspan'></td>
 </tr>
 <tr height=3D20 style=3D'height:15.0pt'>
  <td height=3D20 colspan=3D2 class=3Dxl67 style=3D'height:15.0pt;mso-ignor=
e:colspan'></td>
  <td class=3Dxl68></td>
  <td class=3Dxl71 width=3D163 style=3D'border-top:none;width:122pt'>&nbsp;=
</td>
  <td class=3Dxl72>&nbsp;</td>
  <td colspan=3D5 class=3Dxl66 style=3D'mso-ignore:colspan'></td>
 </tr>
 <tr height=3D20 style=3D'height:15.0pt'>
  <td height=3D20 colspan=3D2 class=3Dxl67 style=3D'height:15.0pt;mso-ignor=
e:colspan'></td>
  <td class=3Dxl68></td>
  <td class=3Dxl71 width=3D163 style=3D'border-top:none;width:122pt'>&nbsp;=
</td>
  <td class=3Dxl72>&nbsp;</td>
  <td colspan=3D5 class=3Dxl66 style=3D'mso-ignore:colspan'></td>
 </tr>
 <tr height=3D20 style=3D'height:15.0pt'>
  <td height=3D20 class=3Dxl67 align=3Dright style=3D'height:15.0pt'
  x:num=3D"0.86502865519528116">86.5%</td>
  <td class=3Dxl67 align=3Dright x:num=3D"0.85590198362855674">85.6%</td>
  <td class=3Dxl68></td>
  <td class=3Dxl71 width=3D163 style=3D'border-top:none;width:122pt'>Egypt<=
/td>
  <td class=3Dxl72 width=3D87 style=3D'width:65pt'>bully</td>
  <td class=3Dxl66></td>
  <td class=3Dxl73>Morocco</td>
  <td class=3Dxl66>Egypt</td>
  <td class=3Dxl66>Tunisia</td>
  <td class=3Dxl66>Tunisia</td>
 </tr>
 <tr height=3D20 style=3D'height:15.0pt'>
  <td height=3D20 class=3Dxl67 align=3Dright style=3D'height:15.0pt'
  x:num=3D"0.86185022194523231">86.2%</td>
  <td class=3Dxl67 align=3Dright x:num=3D"0.86005587765733971">86.0%</td>
  <td class=3Dxl68></td>
  <td class=3Dxl71 width=3D163 style=3D'border-top:none;width:122pt'>Jordan=
</td>
  <td class=3Dxl72 width=3D87 style=3D'width:65pt'>monarchy</td>
  <td class=3Dxl66></td>
  <td class=3Dxl73>Egypt</td>
  <td class=3Dxl66>Morocco</td>
  <td class=3Dxl66>Kuwait</td>
  <td class=3Dxl66>Morocco</td>
 </tr>
 <tr height=3D20 style=3D'height:15.0pt'>
  <td height=3D20 class=3Dxl67 align=3Dright style=3D'height:15.0pt'
  x:num=3D"0.85422294774128837">85.4%</td>
  <td class=3Dxl67 align=3Dright x:num=3D"0.86363619460799512">86.4%</td>
  <td class=3Dxl68></td>
  <td class=3Dxl71 width=3D163 style=3D'border-top:none;width:122pt'>Tunisi=
a</td>
  <td class=3Dxl72 width=3D87 style=3D'width:65pt'>bully</td>
  <td class=3Dxl66></td>
  <td class=3Dxl74>Algeria</td>
  <td class=3Dxl66></td>
  <td class=3Dxl66>Morocco</td>
  <td class=3Dxl74>Algeria</td>
 </tr>
 <tr height=3D20 style=3D'height:15.0pt'>
  <td height=3D20 class=3Dxl67 align=3Dright style=3D'height:15.0pt'
  x:num=3D"0.8231756741108992">82.3%</td>
  <td class=3Dxl67 align=3Dright x:num=3D"0.85490647556463917">85.5%</td>
  <td class=3Dxl68></td>
  <td class=3Dxl71 width=3D163 style=3D'border-top:none;width:122pt'>Libya<=
/td>
  <td class=3Dxl72 width=3D87 style=3D'width:65pt'>bunker</td>
  <td class=3Dxl66></td>
  <td class=3Dxl74>Lebanon</td>
  <td class=3Dxl66></td>
  <td class=3Dxl66>Egypt</td>
  <td class=3Dxl66>Egypt</td>
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 <tr height=3D20 style=3D'height:15.0pt'>
  <td height=3D20 class=3Dxl67 align=3Dright style=3D'height:15.0pt'
  x:num=3D"0.81418353724810411">81.4%</td>
  <td class=3Dxl67 align=3Dright x:num=3D"0.82099288993393793">82.1%</td>
  <td class=3Dxl68></td>
  <td class=3Dxl71 width=3D163 style=3D'border-top:none;width:122pt'>Morocc=
o</td>
  <td class=3Dxl72 width=3D87 style=3D'width:65pt'>monarchy</td>
  <td class=3Dxl66></td>
  <td class=3Dxl74>Syria</td>
  <td class=3Dxl66></td>
  <td class=3Dxl66>Lebanon</td>
  <td class=3Dxl66>Iran</td>
 </tr>
 <tr height=3D20 style=3D'height:15.0pt'>
  <td height=3D20 colspan=3D2 class=3Dxl67 style=3D'height:15.0pt;mso-ignor=
e:colspan'></td>
  <td class=3Dxl68></td>
  <td class=3Dxl71 width=3D163 style=3D'border-top:none;width:122pt'>&nbsp;=
</td>
  <td class=3Dxl72>&nbsp;</td>
  <td class=3Dxl66></td>
  <td class=3Dxl73>Iran</td>
  <td colspan=3D3 class=3Dxl66 style=3D'mso-ignore:colspan'></td>
 </tr>
 <tr height=3D20 style=3D'height:15.0pt'>
  <td height=3D20 colspan=3D2 class=3Dxl67 style=3D'height:15.0pt;mso-ignor=
e:colspan'></td>
  <td class=3Dxl68></td>
  <td class=3Dxl71 width=3D163 style=3D'border-top:none;width:122pt'>&nbsp;=
</td>
  <td class=3Dxl72>&nbsp;</td>
  <td class=3Dxl66></td>
  <td class=3Dxl73></td>
  <td colspan=3D3 class=3Dxl66 style=3D'mso-ignore:colspan'></td>
 </tr>
 <tr height=3D20 style=3D'height:15.0pt'>
  <td height=3D20 colspan=3D2 class=3Dxl67 style=3D'height:15.0pt;mso-ignor=
e:colspan'></td>
  <td class=3Dxl68></td>
  <td class=3Dxl71 width=3D163 style=3D'border-top:none;width:122pt'>&nbsp;=
</td>
  <td class=3Dxl72>&nbsp;</td>
  <td class=3Dxl66></td>
  <td class=3Dxl73></td>
  <td colspan=3D3 class=3Dxl66 style=3D'mso-ignore:colspan'></td>
 </tr>
 <tr height=3D20 style=3D'height:15.0pt'>
  <td height=3D20 colspan=3D2 class=3Dxl67 style=3D'height:15.0pt;mso-ignor=
e:colspan'></td>
  <td class=3Dxl68></td>
  <td class=3Dxl71 width=3D163 style=3D'border-top:none;width:122pt'>&nbsp;=
</td>
  <td class=3Dxl72>&nbsp;</td>
  <td class=3Dxl66></td>
  <td class=3Dxl73></td>
  <td colspan=3D3 class=3Dxl66 style=3D'mso-ignore:colspan'></td>
 </tr>
 <tr height=3D20 style=3D'height:15.0pt'>
  <td height=3D20 class=3Dxl67 align=3Dright style=3D'height:15.0pt'
  x:num=3D"0.77116374321075598">77.1%</td>
  <td class=3Dxl67 align=3Dright x:num=3D"0.76294222142859336">76.3%</td>
  <td class=3Dxl68></td>
  <td class=3Dxl71 width=3D163 style=3D'border-top:none;width:122pt'>Algeri=
a</td>
  <td class=3Dxl72 width=3D87 style=3D'width:65pt'>bunker</td>
  <td class=3Dxl66></td>
  <td class=3Dxl73>Libya</td>
  <td class=3Dxl66>Syria</td>
  <td class=3Dxl66>Yemen</td>
  <td class=3Dxl66>Yemen</td>
 </tr>
 <tr height=3D26 style=3D'mso-height-source:userset;height:20.1pt'>
  <td height=3D26 class=3Dxl67 align=3Dright style=3D'height:20.1pt'
  x:num=3D"0.71927696546995923">71.9%</td>
  <td class=3Dxl67 align=3Dright x:num=3D"0.72487048743291538">72.5%</td>
  <td class=3Dxl68></td>
  <td class=3Dxl71 width=3D163 style=3D'border-top:none;width:122pt'>Yemen,=
 Republic
  of</td>
  <td class=3Dxl72 width=3D87 style=3D'width:65pt'>bunker</td>
  <td class=3Dxl66></td>
  <td class=3Dxl73>Yemen</td>
  <td class=3Dxl66>Libya</td>
  <td class=3Dxl66>Algeria</td>
  <td class=3Dxl66>Libya</td>
 </tr>
 <tr height=3D20 style=3D'height:15.0pt'>
  <td height=3D20 class=3Dxl67 align=3Dright style=3D'height:15.0pt'
  x:num=3D"0.71392977793107648">71.4%</td>
  <td class=3Dxl67 align=3Dright x:num=3D"0.70459552090419131">70.5%</td>
  <td class=3Dxl68></td>
  <td class=3Dxl71 width=3D163 style=3D'border-top:none;width:122pt'>Sudan<=
/td>
  <td class=3Dxl72 width=3D87 style=3D'width:65pt'>bunker</td>
  <td class=3Dxl66></td>
  <td class=3Dxl73>Iraq</td>
  <td class=3Dxl66>Algeria</td>
  <td class=3Dxl66>Libya</td>
  <td class=3Dxl74>Lebanon</td>
 </tr>
 <tr height=3D26 style=3D'mso-height-source:userset;height:20.1pt'>
  <td height=3D26 class=3Dxl67 align=3Dright style=3D'height:20.1pt'
  x:num=3D"0.68074605994179671">68.1%</td>
  <td class=3Dxl67></td>
  <td class=3Dxl68></td>
  <td class=3Dxl71 width=3D163 style=3D'border-top:none;width:122pt'>Syrian=
 Arab
  Republic</td>
  <td class=3Dxl72 width=3D87 style=3D'width:65pt'>bunker</td>
  <td class=3Dxl66></td>
  <td class=3Dxl73>Sudan</td>
  <td class=3Dxl74>Lebanon</td>
  <td class=3Dxl66>Iraq</td>
  <td class=3Dxl66>Syria</td>
 </tr>
 <tr height=3D20 style=3D'height:15.0pt'>
  <td height=3D20 class=3Dxl67 align=3Dright style=3D'height:15.0pt'
  x:num=3D"0.47895378509685615">47.9%</td>
  <td class=3Dxl67 align=3Dright x:num=3D"0.49924856821782043">49.9%</td>
  <td class=3Dxl68></td>
  <td class=3Dxl72 width=3D163 style=3D'width:122pt'>Iraq</td>
  <td class=3Dxl72 width=3D87 style=3D'width:65pt'>bunker</td>
  <td class=3Dxl66></td>
  <td class=3Dxl74></td>
  <td class=3Dxl74>Iran</td>
  <td class=3Dxl66>Syria</td>
  <td class=3Dxl66>Iraq</td>
 </tr>
 <tr height=3D20 style=3D'height:15.0pt'>
  <td height=3D20 colspan=3D7 class=3Dxl66 style=3D'height:15.0pt;mso-ignor=
e:colspan'></td>
  <td class=3Dxl66>Yemen</td>
  <td class=3Dxl66>Sudan</td>
  <td class=3Dxl66>Sudan</td>
 </tr>
 <tr height=3D20 style=3D'height:15.0pt'>
  <td height=3D20 colspan=3D7 class=3Dxl66 style=3D'height:15.0pt;mso-ignor=
e:colspan'></td>
  <td class=3Dxl66>Sudan</td>
  <td class=3Dxl74>Iran</td>
  <td class=3Dxl66></td>
 </tr>
 <tr height=3D20 style=3D'height:15.0pt'>
  <td height=3D20 colspan=3D7 class=3Dxl66 style=3D'height:15.0pt;mso-ignor=
e:colspan'></td>
  <td class=3Dxl66>Iraq</td>
  <td colspan=3D2 class=3Dxl66 style=3D'mso-ignore:colspan'></td>
 </tr>
 <tr height=3D20 style=3D'height:15.0pt'>
  <td height=3D20 colspan=3D3 class=3Dxl66 style=3D'height:15.0pt;mso-ignor=
e:colspan'></td>
  <td colspan=3D2 class=3Dxl68 style=3D'mso-ignore:colspan'></td>
  <td colspan=3D5 class=3Dxl66 style=3D'mso-ignore:colspan'></td>
 </tr>
 <![if supportMisalignedColumns]>
 <tr height=3D0 style=3D'display:none'>
  <td width=3D64 style=3D'width:48pt'></td>
  <td width=3D64 style=3D'width:48pt'></td>
  <td width=3D64 style=3D'width:48pt'></td>
  <td width=3D163 style=3D'width:122pt'></td>
  <td width=3D87 style=3D'width:65pt'></td>
  <td width=3D33 style=3D'width:25pt'></td>
  <td width=3D172 style=3D'width:129pt'></td>
  <td width=3D94 style=3D'width:71pt'></td>
  <td width=3D153 style=3D'width:115pt'></td>
  <td width=3D94 style=3D'width:71pt'></td>
 </tr>
 <![endif]>
</table>

</body>

</html>
