ABSTRACT
Barbadian economy. Arthur retained his position as Prime Minister and appointed a new Cabinet. 9 August 1999: The Minister of Health and the Environment, Elizabeth Thompson, was dismissed from the Cabinet. 15 April 2000: Arthur dismissed the Minister of Tourism and International Transport, George Payne, who was replaced by Noel Anderson Lynch. 26-27 June 2000: The Organisation for Economic Co-operation and Development (OECD) and the Financial Action Task Force (FATF, part of the OECD) criticized Barbados’ financial system, naming it as a tax haven. The OECD requested that the country reform its rules by 31 December 2005 or face sanctions. August 2000: Arthur announced that a referendum on the replacement of the monarchy with a republic would be held.
