An Evaluation Of The Efficacy Of The Debt Conversion Scheme As A Strategy For External Debt Management In Nigeria

📄 Project Abstract

Debt Management primarily involves five basic functions: policy, regulatory, operational, accounting and statistical analysis. The policy involves co-ordination among agencies with prime responsibility for the economic management of a country in the formulation of national debt policies and strategies. The regulatory aspect of debt management concerns the establishment of a well defined institutional arrangement for recording and monitoring all external debt, monitoring new debt incurred by domestic agents (public and private) and the comprehensive recording of maturing debt. The accounting function requires collecting detailed information on debt on a loan-by-loan basis and providing for an efficient payment mechanism. The analytical aspect explores future structure of external debt and options available. Beyond academic interest, examining historical origins of the debt problem contributes to greater understanding of its seriousness and the prospects and direction for its resolution....