Firstly, given the high degree of openness of the Irish economy, it is inevitable that at least part of the impact of fiscal policy will be reflected in external trade developments rather than in domestic activity. Secondly, given the large exchequer surpluses which have been recorded for some time now, expectations may impose some constraint on a tighter fiscal policy stance.
It is my pleasure to welcome you to this workshop on Beneficial Ownership. Allow me first and foremost to express the sincere gratitude of Mauritius to the European Union for the invaluable support provided to competent authorities to implement the ICRG Action Plan and exit the FATF Grey list.