global and european level ’, hearing before the european parliament, 10 january 2011 and german council of economic advisors ( 2011 ), ‘ assume responsibility for europe ’, annual report 2011 / 12. initial ‘ exemption ’, but only if the euro area simultaneously decides to introduce a common safe asset. failing this, among other things, the diversification of bank portfolios of sovereign bonds could not take place in an orderly fashion. as i have already mentioned, it is imperative that the consolidation of the public finances of highly indebted countries remains a credible process, one in which every opportunity provided by the current low interest rate environment is seized without hesitation. if everyone plays their part, it will become apparent that all the member states hold dear the success of monetary union and, above all, the prosperity and well - being of all european citizens. tables and figures table 1 financial assistance disbursed to countries in difficulty ( billions of euros ) total 21. 4 10. 3 8. 5 21. 7 61. 9 greece esm efsf 108. 2 bilateral loans 21. 0 31. 9 imf 10. 5 9. 6 25. 3 8. 3 141. 8 52. 9 1. 7 6. 7 3. 4 31. 9 total for greece 288. 5 ireland efsf 7. 6 4. 4 efsm 13. 9 7. 8 5. 7 17. 7 bilateral loans 0. 5 2. 5 1. 9 4. 8 imf 12. 8 6. 4 3. 3 22. 6 0. 8 22. 5 total for ireland 67. 6 portugal efsf 6. 9 11. 3 efsm 14. 1 8. 0 imf 13. 0 8. 2 6. 6 3. 4 1. 2 26. 0 2. 2 24. 3 1. 8 26. 3 total for portugal 76. 6 spain esm 39. 5 1. 9 41. 3 total for spain 41. 3 cyprus esm 4. 6 1. 1 0. 6 imf 0. 3 0. 2 0. 4 6. 3 0. 1 1. 0 total for cyprus total assistance : of which esm : 7. 3 31. 5 110. 2 197. 9 59. 7 18. 9 22. 4 10. 4 8. 5 21. 7 481. 2 39. 5 6. 5 1. 1 22. 0 10. 3 8. 5 21. 7 109. 6 sources

derick latibeaudiere : workshop for mutual evaluation examiners on the 2004 imf / world bank aml / cft assessment methodology remarks by mr derick latibeaudiere, governor of the bank of jamaica, at the opening of the week - long workshop for examiners, held at the bank ’ s training institute, kingston, 14 - 18 february 2005. * * * let me extend to you all a warm jamaican welcome to the bank of jamaica and to this workshop. special welcome to the representatives from the caribbean financial action task force ( cfatf ), international monetary fund ( imf ), world bank, and our visitors from central america and the caribbean. news reports show record low temperatures in north america this winter, so i therefore trust that our visitors from that region will particularly enjoy our tropical climate this week. i recall that it was not too long ago that we hosted a similar training programme on what was then a new methodology for evaluating anti - money laundering frameworks. it seems to me that the speed with which the assessment methodologies have been evolving is true testimony to the dynamic nature of money laundering and terrorism financing. recent trends indicate that although currency is still the primary form of illegal proceeds and although financial institutions remain the most common avenue for money laundering, new aml / cft challenges are emerging from electronic money, internet banking, internet casinos and other state - of - the - art forms of money transfer. this makes it very difficult to apply the standard aml / cft techniques, including “ know your customer ” and requires that regulators and supervisors impose even more stringent methods of detection, prevention and sanctions. these developments also call for a dynamic response from national authorities to ensure that their economies and societies are protected from the scourge of money laundering. consequently, we welcome this workshop from which we hope to gain fresh insights into the new methodology that has been developed by the imf and assistance in adopting more proactive mechanisms for countering the twin threats of money laundering and terrorism financing in our respective jurisdictions. the reports from various regional cfatf meetings have indicated that the entire caribbean region remains committed to the fight against money laundering and terrorist financing activities. our countries are at various stages of endorsing the international standards and recommendations for best practice, but more importantly, our respective jurisdictions are all actively involved in the initiatives to give practical effect to these standards. furthermore, the seriousness with which the caribbean as a region treats with anti - money laundering and terrorist financing