CV Dr.

Tarun Kanti Das for Debt Management Expert 1

1. Proposed Position: Debt Management Expert

2. Name of Firm:
3. Name of Expert: Tarun Kanti Das
4. Current Address: 10/14 First Floor, East Patel Nagar, New Delhi-110001, Tel: (+91-11) 2588-4540
Mob: (+91) 9818024569; EMail: das.tarun@hotmail.com

5. Date of Birth: 19 August 1947 Citizenship: India

6. Education:
Ph.D. (Economics), University of East Anglia, England, UK, 1977.
MA (Quantitative Economics), University of Calcutta, India, 1969.
BA Honours (Economics), Presidency College, University of Calcutta, India, 1969.

7. Membership of Professional Associations:

(a) Life Member, Indian Economic Association,
(b) Life Member, Indian Econometric Society.
(c) Life Member. Indian Association for Research on Income and Wealth,

8. International Workshops on Debt Management Attended:

(a) Workshop on External Debt Management, IMF Regional Training Institute, Singapore, Mar 2000.
(b) Forum on Sovereign Debt, World Bank, Washington D.C., 1-3 Nov. 1999.
(c) Workshop on Sovereign Debt, World Bank, Washington D.C., 28 Mar-4 April 2000.
(d) Visits to Public Debt Offices of England and Ireland, 16-20 October 2000.
(e) Workshop on Contingent Liabilities, World Bank, Washington D.C., 9-11 Nov 2000.
(f) Expert Group Meeting on Revised GFS, IMF, Washington, 5-9 February 2001.
(g) Investors Role for Mitigation of Financial Crisis, IMF, Washington, 5-7 Nov 2001.
(h) Workshop on Budget and the Economy, IMF Regional Training Institute, Singapore, Aug 1998.
(i) Study Team on Economic Crisis, Asian Productivity Council, Tokyo, 15-20 Dec 1998.
(j) Member, Ad Hoc Working Group on Non-debt Ctrating Financial Flows, UNCTAD, July 1995.

9. Countries of Work Experience: [List countries where expert worked in the last 30 years]:
Worked as Consultant to PDD Australia Pvt. Ltd, ADB, AfDB, COMSEC, World Bank, IMF, UN-ESCAP,
UNCTAD, UNDP, UNECA, UNITAR and UNSIAP in 26 countries viz. Bahrain, Bangladesh, Bhutan, Cambodia,
CAREC Countries, China, Ethiopia, Gambia, India, Indonesia, Japan, Laos, Maldives, Malaysia, Mongolia, Nepal,
Philippines, Samoa, Senegal, Singapore, Sri Lanka, Switzerland, Thailand, UK, USA, UEA, Uzbekistan.

10. Languages [For each language indicate proficiency: good/ fair/ poor in speaking, reading, writing]:

Languages Speaking Reading Writing

English Good Good Good
Hindi Good Good Good
Bengali Good Good Good

11. Employment Record [Starting with present position, list in reverse order ]:
Period Employng Organization Position Held (Tasks)
(From To)
March 2017 - Asian Development Bank, ADB Senior Research Specialist (Economic—
June 2017 Manila, Philippines Fiscal-Financial-Social-Environmental
Assessment of Transport Sector Investment
Plan and Program in Sri Lanka)
Dec 2016- World Bank Funded Project on World Bank Resource Person
Feb 2017 Economic Assessment of Hydropower (Project Appraisal, Economic-Financial Cost-
Projects in Lao PDR, Ministry of Benefit analysis, and Assessment of Social
Energy, Vientiane, Lao PDR, through Impact of hydro power projects in Lao PDR)
PWC India Pvt. Ltd.
Sep- Nov ADB Funded Project on Debt ADB Debt Management Adviser
2016 Management, MOF, Bhutan, Thimpu. (Debt sustainability analysis)

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 CV Dr. Tarun Kanti Das for Debt Management Expert
Period Employng Organization
(From To)
April 2015, ADB Funded Project on
Nov 2015 to Sustainability of power projects of
April 2016 Central Asia Regional Co-operation
(CAREC) Countries, through PWC
India Pvt. Ltd.
May 2015 Ministry of Finance, Government of
to Oct 2015 Dubai, UAE. through PDP Australia
Pvt. Ltd..
Jan 2011 to World Bank Administered and Multi-
June 2014 Donor Funded Project on MTBF and
Strengthening Financial
Accountability, Ministry of Finance,
Govt. of Bangladesh, Dhaka,
through PDP Australia Pvt. Ltd..
Dec 2010 ADB Program on Strengthening
Institutional Capacity for
Macroeconomic Management,
Ministry of Finance and Treasury,
Govt. Of Maldives, Male
Dec 2008 to African Development Bank
Nov 2010 Institutional Support Project on
(except for Financial and Economic Reforms,
period in next Ministry of Finance, The Gambia,
row) Banjul, West Africa.
Sep-Oct 2009 ADB Program on Macroeconomic
and Apr-May Management, Nepal Rastra Bank
2010 and ADB Nepal Resident Office,
Nepal, Kathmandu
Sept 2008 World Bank Resident Office and
to Nov 2008 Minstry of Finance, Uzbekistan,
Tashkent
15 July to Commonwealth Secretariat, Special
31 Aug 2008 Advisory Services on Debt
Management, UK, England
1 June 2007 ADB Capacity Building Project on
to 8 July Governance Reforms, Ministry of
2008 Finance, Mongolia, Ulaanbaatar
15-31 Aug United Nations Statistical Institute
2007 for Asia and Pacific (UN-SIAP),
Japan, Chiba
May 2007 UN-ESCAP, Thailand, Bangkok
Mar 2006 to Institute for Integrated Lerarning for
April 2007 Management (IILM), Delhi, India
December Malaysian Institute for Economic
2006 Research, Malaysia, Kula Lumpur
May 2006 Program on Debt Management,
MOF, Nepal, Kathmandu
Feb 2006 Program on Debt Management, MOF,
Laos PDR,Viantiane, and Govt. Of
Cambodia, Phnom Penh
2
2
Position Held (Tasks)
ADB Public Financial Management Expert
(Assessment of Macroeconomic Stability,
and Public and External Debt, Fiscal and
Financial Sustainability for each of 10
CAREC countries viz. Afghanistan, Azerbaijan,
China, Kazakhstan, Kyrgyz Republic, Mongolia,
Pakistan, Tajikistan, Turkmenistan Uzbekistan.)
Macro-Fiscal Policy and Revenue
Forecasting Adviser
World Bak Technical Adviser
(Public Debt Management and Medium Term
Strategic Planning and Budgeting),
ADB Public Debt Management Specialist
(Management of public debt, external debt
and contingent liabilities)
African Development Bank Macroeconomic
Adviser (Macro-Fiscal Modeling and Public
Debt Management)
ADB Macroeconomic Modeling Specialist &
Team Leader (Macroeconomic Modeling for
Medium Term Planning, Budgeting and Debt
Management)
World Bank Consultant
(External Debt Management)
Commonwealth Secretariat Consultant (Debt
Sustainability Analysis)
ADB Strategic Planning Expert (Strategic
Planning and Budgeting, and Public Debt
Management)
UN-SIAP Resource Person for Inter-Govt.
Training on Government Finance and Public
and External Debt Statistics
UN-ESCAP Consultant (Linkages of MDG
with PRSP and NDP)
Professor (Public policy and Research
Methodology)
MIER Consultant (Role of Mergers and
Acquisitions for FDI)
UN-ESCAP Consultant (External Debt
Management)
UN-ESCAP Consultant (External Debt
Management)
 CV Dr. Tarun Kanti Das for Debt Management Expert 3

Period Employng Organization Position Held (Tasks)

(From To)
Dec 2005 UNITAR Program on Public Law UNITAR Consultant (Law, Regulation and
and Legal System for debt Legal System for Debt Management)
Management, Min of Finance, Govt.
of Indonesia, Jakarta
Nov 2005 Office of Development Studies, UNDP Consultant (Financing International
UNDP, UN Plaza, New York, USA Co-operation Behind National Borders)
Sept 2005 UNESCAP Program on Debt UN-ESCAP Consultant (External Debt
Management, Ministry of Finance, Management)
Govt. of Samoa, Apia
Jan 2005 Global Development Network, GDN Consultant,
University of Senegal, Dakar Bridging Research and Policy
March 2003 World Bank Resident Office and World Bank Consultant (Management of
MOF, Govt. Of Philippines, Manila contingent liabilities of the government)
Feb 2002 International Monetary Fund (IMF), Member, IMF Expert Group, (Revised
USA,Washington Government Finance Statistics Manual)
Mar 1989 to Ministry of Finance, Government of Economic Adviser (Debt Management and
Jan 2006 India, New Delhi Macro-Fiscal Policy)
Jan 1987 to Planning Commission, Govt. of India, Adviser (Modelling and Policy Planning),
Feb 1989 New Delhi.
Oct 1984 to Ministry of Steel and Mines, Govt. of Chief Economist and Managing Director,
Dec 1986 India, New Delhi. Economic Research Unit
Oct 1982 to Bureau of Industrial Costs and Prices, Chief (Economic Division)
Sep 1984 Ministry of Industry, Delhi, India.
May 1978 to UNDP Transport Policy Planning Deputy Adviser (Transport Modelling and
Sep 1982 Project, Delhi. Policy Planning),
July 1973 to Department of Economic Affairs, Research Officer (with leave of absence for
April 1978 Ministry of Finance, Govt of India, conducting Ph.D. at the University of East
New Delhi. Anglia, England, in Sept 1974 to July 1977)
Nov 1971 to Indian Economic Service, Dept of Assistant Director
June 1973 Pers. and Training, India, Delhi
June 1970 to Center of Advanced studies for Research Fellow
Oct 1971 Economics, Presidency College,
Calcutta, India.

Short Term External Consultancies

Sept-Nov UN Economic Commission for Africa UN-ECA Consultant

1998 (UN-ECA), Addis Ababa, Ethiopia. (Role of Private Sector and Privatization in
Asia and Lessons for Africa)
Sep-Oct 1997 UN-ESCAP, Bangkok. UN-ESCAP Consultant
(FDI and Technology Transfer),
Sep-Oct 1995 UN-ESCAP, Bangkok, Thailand. UN-ESCAP Consultant (Role of Private
Sector and Privatization in Asia)
May 1995 China Internl Centre for Eco and UN-ESCAP Consultant (Role of FDI for
Technical Exchanges Industrialization)
July 1993 UNCTAD, Switzerland, Geneva, and Member, UNCTAD Ad-hoc Working Group
July 1994. UNCTAD, UN, New York, USA. on Non-Debt Creating Financial Flows
July 1995
March 1993 UNDP, UN-Plaza, New York, USA. Consultant (Human Development Index),
Two weeks ADB, Manila, Philippines. ADB Country Reporter for India,
every year in for preparation of the Asian Development
1990- 2000 Outlook

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 CV Dr. Tarun Kanti Das for Debt Management Expert 4

Period Employng Organization Position Held (Tasks)

(From To)
Two weeks UN-ESCAP, Bangkok, Thailand UN-ESCAP Country Reporter for India,
every year in for preparation of Economic and Social
1991- 2005 Survey for ESCAP

12. Certification:

I, the undersigned, certify to the best of my knowledge and belief that:

(i) this CV correctly describes my qualifications and my experience, and
(ii) any willful misstatement described herein may lead to my disqualification or dismissal, if engaged.

Date: 07 January 2018

Signature of expert (Day/Month/Year)

ANNEX
Selected Publications of Dr. Tarun Kanti Das
Most of the Publications are accessible in: www.scribd.com/tarundas/

1. Selected Publications on Debt Management by Tarun Das

1.1 Concept Paper on Public Debt and Design for Quarterly and Annual reports, pp.1-43, World Bank
Administered DMTBF Project, Finance Division, MOF, Govt of Bangladesh, Nov 2013.
1.2 Alternative Medium Term Debt Management Strategies for Bangladesh, pp.1-28, World Bank
Administered DMTBF Project, Finance Division, MOF, Govt of Bangladesh, Oct 2013.
1.3 Debt Sustainability Analysis for Bangladesh 2013, pp.1-25, World Bank Administered DMTBF
Project, Finance Division, MOF, Govt of Bangladesh, July 2013.
1.4 Concept Paper for Setting Up a Full Fledged Middle Office within Treasury and Debt Management
Wing,(TDMW) of the Finance Division, Ministry of Finance, pp.1-38, World Bank Administered
DMTBF Project, Finance Division, MOF, Govt of Bangladesh, May 2013.
1.5 International Best Practices for Medium Term Debt Management Strategy, pp.1-20, World Bank
Administered DMTBF Project, Finance Division, MOF, Govt of Bangladesh, Aug 2012.
1.6 External Debt Management in Maldives- Policies, Strategies, Procedures and Institutional Set Up-
An Inception Report, pp.1-54, ADB Project on Public Financial Reforms, Min of Finance and
Treasury, Maldives, Male, Dec 2010.
1.7 External Debt Management in Uzbekistan- Policies, Strategies, Procedures, Legal and Institutional
Set Up, pp.1-45, World Bank Country Office, Uzbekistan, Tashkent, November 2008.
1.8 The Gambia- Independent Debt Sustainability Analysis, pp.1-40, Commonwealth Secretariat,
London, U.K. August 2008,
1.9 Management of External Debt-International Experiences and Best Practices, pp.1-46, Best
Practices Series No.9, UN Institute for Training and Research (UNITAR), Geneva, 2006.
1.10 Governance of Public Debt- International Experiences and Best Practices, pp.1-44, Best Practices
Series No.10, UN Institute for Training and Research (UNITAR), Geneva, 2006.
1.11 Sustainability of External Debt- Conceptual Issues, Methodology and International Best practices-
pp.1-36, UN-ESCAP, Bangkok, January 2006.
1.12 Financing International Cooperation behind National Borders- a Case Study for India, pp.1-50,
Office of Development Studies, UNDP, New York. March 2006.

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1.13 Economic Situation and Management of External Debt in Nepal, pp.1-15, UN-ESCAP, Bangkok,
May 2006. www.unescap.org/pdd/debt/workshop/
1.14 Management of external debt in Nepal- legal, institutional framework and policy issues, pp.1-30,
UN-ESCAP, Bangkok, May 2006. www.unescap.org/pdd/debt/workshop/
1.15 Report on “National Workshops on Capacity Building on External Debt Management in the Era of
Globalisation” in Cambodia and Lao PDR During 20-24 February 2006, pp.1-21, UN-ESCAP,
Bangkok, May 2006. www.unescap.org/pdd/debt/workshop/
1.16 Manual on Effective Debt Management, pp.1-118, ESCAP, United Nations, Bangkok, Thailand,
2006. www.unescap.org/pdd/publications/debt-manual/
1.17 Management of external debt in Indonesia- legal, institutional framework and policy issues, pp.1-30,
Ministry of Finance, Govt of Indonesia, Dec. 2005.
1.18 Management of external debt in Samoa- legal, institutional framework and policy issues, pp.1-30,
UN-ESCAP, Bangkok, Sept 2005. www.unescap.org/pdd/debt/workshop/
1.19 Country Experiences of India, pp.141-147, part-2, External Debt Statistics - Guide for Compilers and
Users, IMF and World Bank, Washington D.C., 2003.
1.20 Off budget risks and their management, Chapter-3, Public Expenditure, and Financial Management
Review, Report No. 24256-PH, A Joint Document of The Govt of the Philippines, World Bank
and ADB, World Bank Philippines Country Office, April 30, 2003.
1.21 Management of Contingent Liabilities in Philippines- Policies, Processes, Legal Framework and
Institutions, pp.1-60, World Bank, Washington D.C., 2002.
1.22 Management of Public Debt in India, pp.85-110, in Accompanying Document to the Guidelines for
Public Debt Management, IMF, Washington, June 2002.
1.23 External Sector Related Contingent Liability- a Case Study on India, pp.1-123, Commonwealth
Secretariat, London, U.K., Jan 2001. www.publications/thecommonwealth.org/
1.24 Sovereign Debt Management in India, pp.561-579, Sovereign Debt Management Forum:
Compilation of Presentations, World Bank, Washington, 2000.
1.25 East Asian Economic Crisis and Lessons for External Debt Management, pp.77-95, in External
Debt Management, ed. by A. Vasudevan, RBI, Mumbai, April 1999.
1.26 Fiscal Policies for Management of External Capital Flows, pp. 194-207, in Corporate External Debt
Management, edited by Jawahar Mulraj, CRISIL, Bombay, Dec 1999
1.27 Management of external debt in India and lessons for developing countries, IMF Singapore
Regional Training Institute, Singapore, Sept 1998.
1.28 Macro-economic Framework and Non-Debt Creating Financial Flows- A Case Study on India, the
Working Group on Non-Debt Creating Financial Flows, pp.1-75, TD/B/WG.1/Misc.3/ Add.3,
UNCTAD, Geneva, Switzerland, 1993.

2. Macroeconomic Modeling, Medium Term Strategic Planning and Budgeting, and

Monitoring and Evaluation (M&E) of Pojects and Programs

A. Consultancy Reports

2.1 Macro-Fiscal Models for Assessment of Macroeconomic Stability, Fiscal Viability and Debt
Sustainability of CAREC Countries, pp.1-125, ADB Funded Project on Central Asia Regional
Economic Cooperation, February 2016.
2.2 Alternative revenue projections for Dubai by different forecasing models such as Secular growth,
GDP Bouyancy and Elasticity, and Revenue Drivers Basd Models, pp.1-60, Ministry of Finance,
Government of Dubai, Dubai, UAE, September 2015.
2.3 Public investment Management in Bangladesh, pp.45, World Bank Administered and Multi-Donor
(DFID, EU, Netherlands) Funded Project on DMTBF, MOF, Bangladesh, Dhaka, July 2012.
2.4 Project execution, M&E, and development budget, PP.1-25, World Bank Administered and Multi-
Donor (DFID, EU, Netherlands) Funded Project on DMTBF, MOF, Bangladesh, Dhaka,
2.5 Institutional arrangements for preparation of Annual Development Plan, pp.1-45, World Bank
Administered and Multi-Donor (DFID, EU, Netherlands) Funded Project on DMTBF, Ministry of
Finance, Bangladesh, Dhaka, Jan 2012.

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2.6 An operational consistent macroeconomic accounting spreadsheet model for Bangladesh- analytical
framework, model structure, data base, test and calibration techniques and base line medium and
long term projections, pp.1-96, World Bank Administered and Multi-Donor (DFID, EU,
Netherlands) Funded Project on DMTBF, MOF, Bangladesh, Dhaka, 20 May 2014.
2.7 An Operational Guide to Prepare Medium Term Strategic Business Plans (MTSBP) for Line
Ministries/ Divisions, pp.1-38, World Bank Administered and Multi-Donor (DFID, EU, Netherlands)
Funded Project on DMTBF, Ministry of Finance, Bangladesh, Dhaka, January 15, 2012.
2.8 Diagnostic Study on Business Process Review and Training Needs Assessment of the Planning
Wings of the Budgetary Agencies for Public Investment Management and Integrating Planning with
Budgeting in Medium Term Budgeting Framework, pp.1-98, Multi-Donor project on DMTBF,
Ministry of Finance, Bangladesh, Dhaka, April 2011.
2.9 An Operational Macro-econometric Model and a Dynamic Stochastic General Equilibrium Model for
Nepal- Model Structures, Data Base, Test and Calibration Techniques, Part-1: 60 pages and Part-2:
65 pages, ADB Resident Office in Kathmandu & Nepal Rastra Bank, Kathmandu, Oct 2009.
2.10 An Operational Consistent Macroeconomic Forecasting Model for Gambia- Basic Concepts, Data
Base, Calibration Techniques and Projections, pp.1-71, African Development Bank ISPEFG, the
Gambia, Banjul, 31 January 2009.
2.11 Trends and projections of sectoral GDP growth rates for Gambia during 1998-2013 and some policy
issues, AfDB ISPEFG, pp.1-18, 28 Feb 2009.
2.12 Program Assessment Rating Tool (PART) - Basic Concepts, Methodology and Applications for
Mongolia, pp.1-50, ADB Capacity Building Project on Governance Reforms (ADB-CBPGR),
Ministry of Finance (MOF), Govt of Mongolia, July 2008.
2.13 An Introduction to Program Budgeting and Program Evaluation Review Technique (PERT), pp.1-36,
ADB-CBPGR, MOF, Mongolia, June 2008
2.14 Budget Performance Evaluation- Methodology, Systems and Management, pp.1-55, ADB-CBPGR,
MOF, Gov. of Mongolia, May 2008.
2.15 Performance Based Budgeting- Methodology, Systems and Management, pp.1-55, ADB-CBPGR,
MOF, Gov. of Mongolia, March 2008.
2.16 Financial Planning- Part-1: Methodology, pp.1-34, Part-2: Policies, pp.1-32, ADB-CBGGR, MOF,
Gov. Of Mongolia, January 2008.
2.17 Preparation of Strategic Business Plans- Structural Framework and Guidelines to Line Ministries,
pp.1-74, ADB-CBPGR, Mongolia, Sep 2007.
2.18 Official Economic statistics- Part-1 on Government Finance Statistics (GFS) and Balance of
Payments (BOP) Statistics, pp.1-70, Part-2 on Monetary and Financial statistics (MFS) and Multi–
Factor Productivity Measures (MFP), UN-SIAP, Chiba, Japan, Aug 2007.

B. Published Papers in International Journals and Government Reports

2.19 Trends and projections of rail and road goods and passenger traffic in India, pp.105-161, in
Transport Planning and Development, ed. V Mahajan, Deep & Deep, Delhi, 1991.
2.20 Monitoring and Projecting Budget Deficits of the Government – A Technical Note, Ministry of
Finance, pp.1-21, August 1990.
2.21 Multisectoral and multiregional transport model for India–database and calibration techniques,
pp.391-403, Environment and Planning, 15-A, 1983.
2.22 Application of shift and share technique for forecasting regional and sectoral growth in India in the
Sixth Plan, pp.187-200, Indian Journal of Regional Science, 13(2), 1981.