Investment Policy – Annual Review and Proposed Changes Page Two
• Inter-American Development Bank (IADB) • African Development Bank (AFDB) • Asian Development Bank (ASIA)
Amended
Supranationals – Rated in the highest category by at least one (1) NRSRO and denominated in U.S. dollars, include but not limited to: Permitted investments are primarily driven by the definition of Investment Obligations contained in the Trust Agreement, with some additional consideration of subsection (h) “any other obligations that constitute legal investments…for State agencies such as the Authority”. The key sections of the policy are noted in the table below.
Section
Key Elements
Security Type Limitations
5 6 8
Maturity Limitations
Diversification Issuer/Sector Reporting Requirements Policy Violations & Downgrades
14
1
RECOMMENDATION The Investment Committee requests annual MDTA Board approval of the Investment Policy. ATTACHMENT • Investment Policy 2025 – DRAFT
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