Mr. Udaibir S. Das is an Assistant Director in the Monetary and Capital Markets Department of the IMF where he heads the Sovereign Asset and Liability Management Division. Mr. Das leads a team that covers policy and operational issues relating to sovereign balance sheet risk management, debt, reserves and sovereign asset management, and local and regional sovereign bond markets. He is also associated with country specific vulnerability assessments and financial stability surveillance. Mr. Das joined the IMF in 1996. Prior to joining the IMF, Mr. Das was with the Reserve Bank of India for eighteen years. In his career with the Fund, he has represented Fund staff on various OECD Working Parties, the Basel-based Joint Forum and the International Association of Insurance Supervisors, and the International Working Group of Sovereign Wealth Funds. Mr. Das is a Fulbright-Humphrey scholar with graduate degrees in Economics (U.S.A.) and Management (U.S.A.). He was a lecturer in economics and finance at Boston University (U.S.A.) during 1989-91.