I will touch on the Global Forum, the FSB, the FATF, and recent changes in the practices of the Canadian Revenue Authority. The Global Forum The Global Forum has been set up to provide a more transparent means of certifying that countries meet an agreed standard for the exchange of tax information and other related practices.
Former Prime Minister Arthur played an important role in the initiatives leading up to the establishment of the Forum, and Barbados is a member. We are participating in an ongoing international process of country evaluation. We have had some stumbles, but it is my understanding that we are recovering from them.