The External Debt Project Management

Government external debt belongs to national sovereign loans,which mainly include two major categories of international financial organizations and foreign government loans.Compared with other forms of financing,government external debt has the nature of bilateral economic assistance.It is a preferential loan between the government and has the characteristics of low interest and long cycle.Y City,located in the Golden Triangle region of Shanxi,Shaanxi,Henan,and Yellow Rivers,introduced loans from international financial organizations in 1996.After more than 20 years,the use of international financial organization loan funds has made tremendous contributions to the economic and social development of Y City.From the initial World Bank poverty alleviation project to the Asian Development Bank 's agricultural comprehensive development project,inclusive projects,and BRICS new development bank projects,although the proportion of funds in the social and economic construction has decreased overall,Its social and economic benefits,and the resulting derivative effects,make it an irreplaceable part of the government financing model.At present,City Y is in a critical period of deepening reforms.As an important window and bridge for the government to open wider to the outside world,it is very important how to obtain more support from international financial organizations for loan funds.At the same time,it is very realistic and important to further strengthen international economic cooperation,bring economic development momentum to City Y,introduce advanced technology and management experience,improve project management level and local government governance capabilities,and achieve improvements in agricultural modernization,ecological environment governance,and targeted poverty alleviationBased on the above background,this thesis describes the basic situation and current situation of Y government's use of government external debt projects.Since its introduction,the government's foreign debtproject has been at the forefront of the province since its introduction.The project performance evaluation level is high.The experts of the World Bank and the Asian Development Bank have high recognition of the project field,project operability and demonstration,and the project benefits are significant.However,the number and quality of project declarations have been sluggish in recent years.The reason for this is objectively limited by the size of government debt,operating procedures,and time limits.In addition,the absence of government management functions is also a key factor in this situation As a result,the government 's functional departments have not been able to establish a set of efficient and smooth management mechanisms.The project declaration and management are arbitrary,and there is no effective guidance for the project implementation unit.How to guide and promote the planned,focused,selective and batch-wise development of government foreign debt projects is of great significance to the economic and social development of City Y.At present,the government of City Y is seizing the strategic opportunities for the construction of the Silk Road Economic Belt and the construction of the Shanxi Comprehensive Renovation Pilot Zone and other countries to promote the rise of central China.In response to the problem of how to make good use of the government's external debt project platform and give full play to its role as a window and bridge for opening to the outside world,the government should change its management thinking and focus on the city's key areas of economic and social development to achieve efficient use of funds.At the same time,the government should focus on the actual development of grassroots counties and urban areas,and strive to promote the success rate of project implementation.Then,through the improvement of management methods,improve the quality of practitioners,and strengthen the project schedule and flow chart.Finally,cooperate with the use of corresponding policy tools,strengthen the whole process management,use loan funds to attract talents,absorb advanced technologies,and promote the development of agricultural modernization and industrialization and theconstruction of an ecological environment.Only through the above methods can we leverage social capital and commercial loan investment,and bring vitality to the economic transformation and green sustainable development of City Y.This thesis takes the practice of Y City's foreign debt project management as an example to carry out empirical research.First of all,this thesis uses the research results of public management-related theories,through interviews,data analysis,and content analysis to study the management of local government external debt projects.Then,this thesis analyzes the current situation of local government's external debt project management,points out the bottlenecks and difficulties that restrict the development of the project,and explores the deep-level management problems and reasons behind it.Finally,this thesis puts forward optimization suggestions,removes obstacles for the development of local government external debt projects,solves problems,and promotes the healthy and sustainable development of local government external debt projects.