As we have highlighted at the beginning of this presentation, the year 2006 will pose significant challenges to policy makers in the Currency Union. There is expected to be very positive activity during the year, particularly in the construction sector. However, our horizons must extend beyond the next 18 months to two thousand and ten.
The Caribbean jurisdictions are fully involved in the FSAP and ROSC processes, and are adequately served by technical assistance. The FSB appears to be questioning the assessments published in the Financial System Stability Assessments for Caribbean countries. Moreover, the FSB has not published the criteria by which it will supercede the judgment of FSAP teams, reflected in the published FSSAs.