In most of the world, urban water supply systems are public enterprises, usually part of a local government, and the recent increased interest in privatizing public enterprises has not led to reforms of water systems. Nevertheless, in about 50 cities in the developing world, the water system...

In most of the world, urban water supply systems are public enterprises, usually part of a local government, and the recent increased interest in privatizing public enterprises has not led to reforms of water systems. Nevertheless, in about 50 cities in the developing world, the water system...

The paper explores the determinants of up-front fees on sovereign bank loans.Remuneration of bank loans is typically channelled through the floating interestbenchmark, the interest spread, and a battery of fees. There is substantial evidence of thespread paying for long-run sovereign repayment...