Current global conditions therefore pose obvious challenges for Barbados, as economic downturns in our major trading partners and the ongoing turmoil in international financial markets continue to filter through to the domestic economy. Macroeconomic developments I think that everyone in this room is aware that the year 2009 will be a difficult year for Barbados, for the Caribbean and the world.
Participation of all stakeholders in the review of the Lamfalussy architecture It is precisely because the Lamfalussy architecture is a key component of the rule-making process in Europe that it is crucial to assess it regularly.