Verification seeks to detect non-compliance, deter would-be non-compliers and build confidence among parties to an agreement.

The objective is to secure a high level of quality universally and to remove the non-compliers from the scene.

How does Panama ensure that these institutions meet their reporting obligations? The Committee would also appreciate information on the effectiveness of the aforementioned regulatory measures and the extent to which Panama successfully identifies non-compliers.

Structural adjustment programmes had been adopted by a number of LDCs, but poverty had increased even in LDCs that had been identified as good compliers by the World Bank.