The paper, which was prepared for the World Bank by George E. Peterson in 1998, is a good primer on municipal credit risks and applicable to corporatized water and sanitation state-owned enterprises, especially in developing countries where tariffs often do not cover the full costs service.
This Loan Handbook for World Bank Borrowers (the handbook) sets out guidance on disbursement arrangements and debt services for loans or financing provided or administered by the World Bank. The handbook provides detailed information about the World Bank’s lending instruments, financial products and terms, policy on overdue payments and sanctions, partial waiver of loan charges policy, and billing
procedures. Continue reading World Bank Loan Handbook