an international association formed in 1960 to replace the Organization for European Economic Co-operation (O.E.E.C.) in 1960 with its main offices in Paris. It aims to work for the highest possible economic growth and employement and for a rising standard of living in its member countries; this is to be done by removing hindrances to international trade and to movements of capital. It also controls economic aid given by its members to developing countries.
[...] - Investment Policy: The ACD’s investment policy is to invest in High Yielding Public Sector Sovereign and Corporate Bonds issued by Emerging Market Borrowers. Typically these countries are outside the OECD. [...]