我国利用外资的两大基本形式是吸收外商投资和借用外资,相应于此,我国利用外资的管理工作也是两个方面。本文谈谈借用外资管理。对外借款构成一国的外债。我国外债管理主要包括规模管理、结构管理、效益管理和偿还管理。规模管理确定并维持一个较为合理的借债和负债规模,是我国外债规模管理的中心目标。外债规模是否合理,由两个指标来衡量。一是用债务率作为衡量一国负债能力和风险的指标。债务率是外债余额与当年商品和劳务出口外汇收入之比。国际公认数值是100%,即债务率应小于100%。二是用偿债率作为衡量一国还款能力的指标。偿债率是当年外债还本付息额与当 Two basic forms of foreign capital utilization in our country are absorbing foreign investment and borrowing foreign capital. Correspondingly, our country’s management of utilizing foreign capital is also two aspects. This article talk about foreign investment management. Foreign loans constitute a country’s foreign debt. Our foreign debt management mainly includes scale management, structural management, benefit management and repayment management. Size Management Determining and maintaining a more reasonable size of debt and liabilities is the central goal of managing the size of our foreign debt. Whether the size of the foreign debt is reasonable is measured by two indicators. First, the debt rate as a measure of a country’s debt capacity and risk indicators. The debt ratio is the ratio of the foreign debt balance to the foreign exchange earnings from exports of goods and services in the current year. The internationally accepted value is 100%, ie the debt rate should be less than 100%. The second is to use the debt service rate as a measure of a country’s ability to repay the index. The debt service ratio is the amount of foreign debt repayments and the current year