This paper discusses the Islamic Republic of Mauritania’s Sixth Review under the Three-Year Extended Credit Facility Arrangement and Request of Nonobservance of Performance Criterion. Mauritania’s current account deficit has been significantly widened due to higher infrastructure...

The staff report for the 2013 Article IV Consultation for the Republic of Mozambique focuses on the development agenda and appropriate policy priorities to successfully transition to a resource-rich era. These priorities include skillful medium-term management of the impact of developing coal...

Intro -- Contents -- 1. Open Questions in Sovereign Debt -- 2. Theoretical Underpinnings of Modern Finance -- 3. Costly Talk? Reinterpreting the Soviet Repudiation -- 4. Costa Rica, Public Benefit, and the Rule of Law -- 5. Public and Private Capital in Mid-Century Repayment Norms -- 6....