The report provides some basic definitions, outlines the main types of correspondent banking arrangement, summarises recent developments and touches on the underlying drivers. The report then develops recommendations on certain measures relating to (i) know-your-customer (KYC) utilities; (ii)...

Sustainable development has been an important but elusive goal for the highly vulnerable small states in the South Pacific. Events such as the current global financial crisis are likely to make this goal more elusive as the generous developed world donors, affected themselves, are compelled to...