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Towards a Level Playing Field,
second edition.


Report undertaken by Stikeman Elliott on behalf of the ITIO and STEP.

 


Organisations:

Click for further details about these organisations:

Caribbean Development Bank
Caribbean Financial Action Task Force
CARICOM

Eastern Caribbean Central Bank
Commonwealth
European Union
Economic and Financial Affairs Council
Financial Action Task Force
Financial Stability Forum
International Monetary Fund
Organisation for Economic Cooperation and
   Development

Pacific Islands Forum
World Bank
World Trade Organisation


Details:

Caribbean Development Bank

Membership

20 regional members in the Caribbean plus Canada, Italy, Germany, the People's Republic of China and the United Kingdom.

Aims

To contribute to the harmonious economic growth and development of the member countries in the Caribbean and to promote economic co-operation and integration among them, having special and urgent regard to the needs of the less developed members of the region.


Caribbean Financial Action Task Force

Membership

26 states of the Caribbean basin.

Aims

To implement common countermeasures to address the problem of criminal money laundering.


CARICOM

Membership

27 Caribbean countries and territories

Aims

To undertake economic cooperation through the Caribbean Single Market and Economy; coordinate foreign policy among the independent Member States; and achieve common services and co-operation in functional matters such as health, education and culture, communications and industrial relations.


Eastern Caribbean Central Bank

Membership

The ECCB is the Monetary Authority for a group of eight small Caribbean economies.

Aims

To maintain the stability of the Eastern Caribbean Dollar and the integrity of the banking system in order to facilitate the balanced growth and development of member states


Commonwealth

Membership

54 developed and developing nations around the world.

Aims

To be a trusted partner for all Commonwealth people as a force for peace, democracy, equality and good governance; a catalyst for global consensus building; and a source of assistance for sustainable development and poverty eradication.


European Union

Membership

15 European democratic market economies, with a further 10 countries due to join on 1 May 2003.

Aims

Through a common market, an economic and monetary union and common policies, to promote the development of economic activities, a high level of employment and of social protection, equality between men and women, sustainable and non-inflationary growth, competitiveness and convergence of economic performance, protection and improvement of the environment, the raising of the standard of living and quality of life, and economic and social cohesion and solidarity among Member States.
A key EU body is the ministerial Economic and Financial Affairs Council (ECOFIN)


Financial Action Task Force

Membership

25 of the OECD’s 30 members, plus Hong Kong and Singapore.

Aims

To spread the anti-money laundering message to all continents and regions of the globe; monitor the implementation of its ‘Forty Recommendations’ in FATF members; and review money laundering trends and countermeasures (‘typologies’ exercise).


Financial Stability Forum

Membership

National financial authorities in the G7, Australia, Hong Kong, the Netherlands and Singapore; international financial institutions; international regulatory and supervisory groupings; committees of central bank experts and the European Central Bank.

Aims

To promote international financial stability through information exchange and international co-operation in financial supervision and surveillance.


International Monetary Fund

Membership

184 countries across the world. Votes are allocated according to members’ economic strength, hence US 17.5% and St Lucia 0.01%.

Aims

To promote international monetary cooperation, exchange stability, and orderly exchange arrangements; to foster economic growth and high levels of employment; and to provide temporary financial assistance to countries to help ease balance of payments adjustment.


Organisation for Economic Cooperation and Development

Membership

30 leading democratic market economies, who together produce two-thirds of the world's goods and services.

Aims

“The OECD has been called a think tank, a monitoring agency, a rich man's club and an unacademic university. It has elements of all, but none of these descriptions captures the essence” (OECD website).


Pacific Islands Forum

Membership

16 independent and self-governing Pacific Island countries plus Australia and New Zealand.

Aims
To enhance the economic and social well-being of the people of the South Pacific by fostering cooperation between governments and between international agencies, and by representing the interests of Forum members.


World Bank

Membership

The International Bank for Reconstruction and Development (IBRD) or “World Bank” has 184 member countries, nearly all the countries of the world. It is one of five organisations in the World Bank Group.

Aims

“The World Bank is one of the world's largest sources of development assistance. Its primary focus is on helping the poorest people and the poorest countries” (World Bank website).


World Trade Organisation

Membership

146 countries across the world.

Aims

As the only international organization dealing with the global rules of trade between nations, the WTO’s main function is to ensure that trade flows as smoothly, predictably and freely as possible.


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