Aid Accounts & Audit Division Government of India

Transcript:Aid Accounts & Audit Division Government of India:
Aid Accounts & Audit Division Government of India Website: www.aaad.gov.in Outline Part A Details of External Assistance Part B Functional aspect Part – A GOI policy on External Assistance Guide lines issued in 2005 on Bilateral Assistance emphasize reduced reliance on external assistance Bilateral Assistance accepted only from G-8 countries and EC; tied aid not accepted. Channelization of external assistance from smaller partners (other than those mentioned above), through multilateral organizations to promote greater aid harmonization Countries can provide bilateral development assistance directly to autonomous institutions, universities, NGOs, etc. Facts GOI o/s External Sovereign Debt as on 31st March 2012 at US $ 63.37 Billion 2011-12: Receipts at US$ 5.14 (US$ 4.57 Loans and US$ 0.56 grants) Billions and repayment at US$ 3.35 (Principal US$ 2.67 and interest & commitment US$ 0.68) Billion 2012-13: Receipts estimated at US$ 5.44 (US$ 4.90 Loans and US$ 0.54 grants) repayment at US$ 3.74(Principal US$ 2.99 and interest &commitment US$ 0.75) Billion External sovereign debt as %age of GDP for 2011-12: 3.62% Bilateral Donors All figs. In millions of US Dollar Multilateral Donors All figs. In millions of US Dollar Maturity Profile and Terms of Loans Note: Does not include other charges such as commitment fees * 0.01% for Consultancy and 0.65% for environmental. ** Current being 0.75% for treasury portion and 2.49 % for bank portion. @ New IDA terms and conditions: Under Blend/Harden Terms apart from Service fee of 0.75% Interest Rate of 1.25% will be charged Commitment Charges Indicates cost incurred on undisbursed amount: slow moving projects bear greater liability. Note: * Commitment Charges are not levied on the agreements signed after 16.05.2007. ** At present commitments charges have been fully waived. *** Commitments Charges are on the agreements signed after 01.10.2007 and arrears paid during FY 2010-11. US $ in million Currency Composition of Outstanding Stock Indicates debt stock as on 31st March 2012 Inflow/outflow on indicated currency except SDR Interest rate breakdown of Outstanding Variable rates are applicable for ADB and IBRD loans (as per Libor). 74% of Debt Stock is at fixed rate. Part – B Functional Aspects Part A: Process Loan agreement Disbursements (Reimbursement and Direct) Debt servicing External assistance budget Imparting training to project authorities Part B: Reporting Brochure MIS reports for project management Data submission to World Bank for publication in Global Development Finance (GDF) Data for Template on International Reserves and Foreign Currency Liquidity