National Economic Development Council

noun

1. an advisory body on general economic policy in Britain, composed of representatives of government, management, and trade unions: established in 1962; abolished in 1992 AbbreviationNEDCinformalNeddy

Example Sentences

In the early 1960s there were half-hearted attempts to import the indicative planning used by the French government to direct its economy from the centre, leading to the creation of the tripartite National Economic Development Council in 1962.

From The Guardian

Jibril — an economist who spent years living in the U.S. — had headed Libya's National Economic Development Council, a project overseen by Gaddafi's powerful son Saif al-Islam.

From Time

With Tripoli still in upheaval, NTC chairman Mahmoud Jibril — a U.S.-trained economist who until last February ran Libya's National Economic Development Council — was scheduled to meet French President Nicolas Sarkozy in Paris on Wednesday evening to discuss a smooth political transition.

From Time

For one thing, the opposition leaders who are poised to lead the new Libya largely come from Gaddafi's inner ranks, including the probable new head of state Mustafa Abdul Jalil, who until last February was Gaddafi's Minister of Justice, and Mahmoud Jibril, a U.S.-trained economist who led Libya's National Economic Development Council until he defected last February, and who could be a new Prime Minister.

From Time

Van Rompuy is their choice as president of a eurozone version of Harold Wilson's national economic development council for two good reasons: he's an efficient, effective but pliable general secretary; he'll clip the wings of Jean-Claude Juncker, current and much-criticised chairman of the Eurogroup of finance ministers.

From The Guardian