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What is Foreign Debt Management?
Debt management considers as to the arrangements made to:
• Protected the suitable amount of borrowing to deliver growth
• Ignore excessive indebtedness than the country cannot both service debt and develop
• Make sure a current account surplus to enable $ interest payments onto the loan
• Repay the loan again itself.
What are Rostowís policy implications? • LDCs (Less Developed Countries) require aid. The development procedure can stall at the Take Off stage for be short of savings. 15
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