After long decades of military governance, the people of Ruritania in South America have now successfully elected a democratic government. The opposition party, that lost by a narrow margin, are hugely discontented arguing that elections were rigged and are seeking all possible avenues for a rerun of the elections. In the meantime, the government is forging ahead with infrastructural development agenda, which, among other things, include the building of: roads, bridges, tunnels, railways, schools, universities, hospitals, and prisons in the capital city. As the previous military government left the country in huge economic debt, the government seeks to finance these projects on the international financial market.

They have consulted your law firm and need your advice as to the best possible source of finance for these infrastructural projects. Write a legal response outlining the possible options available to the government of Ruritania, highlighting the advantages and disadvantages of these options and suggesting the best possible way forward for them