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Best Practices Series

Series 1
  Best Practices in the Field of External Borrowing
  by Vinod K. Agarwal

August 2001
(29 pages, 163kb, Adobe Acrobat 4 format)

Table of Contents

  • Introductory Note
  • Introduction and Context
  • Borrowing Policy
  • Central Borrowing Authority
  • Limits and Guarantees
  • Foreign Exchange Controls
  • Proper Deployment of External Resources
  • Prompt Debt Servicing
  • No Diversion of Domestic Capital
  • Timely Implementation of Projects
  • Transparency
  • Expanded World Trade or Development of Export Markets
  • Formation of Regional or Zonal Trade Groups
  • Encouragement to Foreign Private Investments
  • Investment Preferences
  • Import Substitution
  • Citizen's Remittances
  • Author's Profile

This publication was prepared for participants to the Sub-Regional Senior Policy Seminar on 'Negotiation Strategies for Eastern and Southern Africa' organized jointly by the Macroeconomic and Financial Management Institute of Eastern & Southern Africa (MEFMI) and the United Nations Institute for Training and Research (UNITAR) held in Windhoek, Namibia from 20 to 22 November, 2000. This is not an exhaustive list of 'Best Practices' but only an illustrative description.


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