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Sustainable External Debt Management-International Best Practices and Lessons for Samoa
 Dr. Tarun Das*, Economic Adviser, Ministry of Finance, India And Resource Person, ESCAP, United Nations, Bangkok.
September 2005
 _______________________________________________________________________ * This report expresses personal views of the author and should not be attributed to theviews of either the Ministry of Finance, Government of India or the UN-ESCAP. Theauthor would like to express his gratitude to the UN-ESCAP and the Ministry of Finance,Government of Samoa to provide an opportunity to prepare this report and the Ministryof Finance, Government of India to grant necessary permission for that.1
 
Sustainable External Debt Management-International Best Practices and Lessons for Samoa
 Dr. Tarun Das, Economic Adviser, Ministry of Finance, India And Resource Person, ESCAP, United Nations, Bangkok.
Contents
1.Conceptual Issues
1.1Definition of external debt1.2 Debt Sustainability and Fiscal Deficit1.3 Debt Sustainability and Current Account Deficit1.4 Liquidity versus Solvency
2.Debt Sustainability Measurements
2.1Economy wide model in ALM framework 2.2 Different Types of Risk 2.3 Risk Management2.4 Sustainability Indicators2.5 World Bank Classification of External debt
3.Inter Country Comparisons 
3.1 Top ten debtor countries3.2Selected countries in Asia and Pacific3.3 South Asia, and East Asia & Pacific
4.International Best Practices
4.1New Zealand4.2Australia4.3 Ireland4.4 European Union4.5 Fund-Bank Conditionality4.6 HIPC Initiatives4.7 Sovereign Debt Management
5.Management of External Debt in India
5.1External debt situation in India5.2External debt management policies5.3Organisational structure5.4Contingent liabilities5.5Fiscal Responsibility and Budget Management Act 20035.6Monitoring and Dissemination of data5.7Capacity building5.8Trends of external debt indicators2
 
6.Management of external debt in Samoa
6.1Public external debt in Samoa6.2Overall external debt in Samoa6.3 Lessons from international best practices(a)External Debt Management Policies(b) Capacity Building
Selected ReferencesStatistical Tables:Annex-1
: Economic size of selected economies in 2003
Annex-2-A
: Debt Indicators for top ten debtor countries in 2003
Annex-2-B
: Indebtedness Classification of top ten debtor countries in 2003
Annex-3
: Key indebtedness indicators for selected countries in 2001-2003
Annex-4
: Key external debt sustainability indicators for selected countries in 2003
Annex-5
: Further external debt sustainability indicators for these countries in 2003
Annex-6
: Classification of selected ESCAP countries by levels of external debt and per capita income in 2003
Annex-7
: External debt in Samoa3
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