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Contingent Liability Management

A Study on India

image of Contingent Liability Management
The sharp increase in the contingent liabilities of many developing countries in recent years and its possible implications has prompted a rethink in the way governments quantify their financial burdens.



This publication looks at some of the issues germane to the identification, monitoring and valuation of external sector contingent liabilities of India. By focusing mostly on externalsector related contingent liabilities that involve possible financial transactions with nonresidents, the document defines a framework for use in quantifying contingent liabilities, which can be adapted to other countries.



This publication is the second in a series produced by the Commonwealth Secretariat on debt and debt related issues.

English

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Concluding Observations and Recommendations

The issue of managing contingent liabilities in an emerging economy is to be seen in the broader context of economic development. The approach is to view contingent liabilities as a potential tool for furthering the developmental process. The critical aspect is the more effective management of contingent liabilities.

English

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