Contingent Liability Management

A Study on India

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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.



Country Experiences when Dealing with Contingent Liabilities

This section surveys the experiences of six countries: Australia, Canada, Czech Republic, New Zealand, the United Kingdom and the United States, with regard to the management of contingent liabilities. The choice of countries was based on the advanced nature of the way they dealt with contingent liabilities and whether such information was readily available. The situation in other countries such as Bulgaria, Columbia and Thailand was also examined, but it was not possible without further investigation to indicate the existing legal and accounting regimes and how such liabilities are recorded and managed.


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