Discuss the objectives of raising of resources from International Markets. Discuss the procedure for raising External Commercial Borrowings (ECBs).

Raising resources from international markets is an essential strategy for countries and corporations aiming to enhance their financial capabilities. This practice enables entities to access capital from sources outside their domestic market, often offering more favorable terms, increased financial flexibility, and exposure to international investment. International financial management plays a significant role in determining the most effective ways to tap into these external markets. The key objectives of raising resources from international markets are diversification of funding sources, better cost efficiency, increased liquidity, and risk diversification.

One of the primary objectives of raising resources from international markets is diversification of funding sources. Relying solely on domestic sources of finance can expose an organization or country to risks stemming from economic _________ ___ _____ ________ ______ _____.
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