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The Financial Secretary also discussed the recent news that the The Economic and Financial Affairs Council of the European Union has agreed to remove Belize from the EU list of non-cooperative jurisdictions, which is the blacklist'. 

Today, the Fin Sec said Belize is now in the grey list:

Reporter
"In relation to the EU Blacklist, in terms of any funding that would have been paused that we get, did that happen during that short period?"

Joseph Waight - Financial Secretary
"No, not at all."

Reporter
"So no effect?"

Joseph Waight
"No effect. We're trying to comply. We're now off the blacklist. There is another-"

Reporter
"We're on the grey list, correct?"

Joseph Waight
"Indeed. We have to do more work. The meeting of the House shortly with some amendments to the bills on tax matters, even when we were on the quote, 'blacklist', there was no defensive measures, as they called it. There were no penalties to Belize, and I don't think the European Union has itself determined what is a consistent set of measures. The European Union is not all unified when it comes to tax measures."