Definition: Organisation for Economic Co-operation and Development

External debt - IMF

The Organisation for Economic Co-operation and Development (OECD) provides governments of its member countries with a setting in which to discuss, develop, and perfect economic and social policy. The exchanges may lead to agreements to act in a formal way, but more often, the discussion makes for better-informed work within government on the spectrum of public policy and clarifies the impact of national policies on the international community. The chance to reflect and exchange perspectives with other countries similar to their own is provided. The OECD’s objectives are to promote growth, employment, free trade, and a rising standard of living in both member countries and nonmember countries.
Source:
International Monetary Fund (IMF), "External Debt Statistics: Guide for Compilers and Users; Appendix III. Glossary of External Debt Terms", Washington D.C., 2003
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