With the debt obligation of Itaipu Binational being completed paid off by 2023, the Annex C of the Treaty of Itaipu, which governs the operation and revenue distribution of the Itaipu Dam, is due for review and possible revisions. The implications for Paraguay's export revenues and fiscal...

This paper discusses the main challenges faced by resource-rich nations in promoting equity; describes policy tools available for managing exhaustible natural resources; and analyzes the relationship between resource wealth and state fragility. It is argued that human capital accumulation,...