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Abstract
External debt refers to the amount owed by one country to outside side the political boundary of a country from foreign financial agencies, institutes and even from foreign governments. Higher debt liability results in higher uncertainties in economic policies. This affect the economic growth of the nation.Key ratios such as debt to GDP ratio, debt service ratio, short-term debt to total debt, short-term and total debt to foreign exchange reserves, concessional debt to total debt and debt expressed in terms of present value are commonly used to assess the stability and sustainability of a country’s stock of external debt relative to the absolute level of the debt. The prime concern of this chapter is to analyse the trend of external debt during the years 2010 to 2018.