"The targeting of small offshore jurisdictions in the wake of the global financial crisis under the pretext that these jurisdictions in some way contributed to the crisis represents an injustice worthy of the strongest condemnation," Senator Maxine McLean, Barbados' Foreign Minister and Minister of Foreign Trade, told the UN General Assembly.
"For those who would wish to rewrite history, we must recall that the financial crisis had its origins in the developed world and resulted from excessive risk-taking, corruption, fraud and ineffective regulatory controls and oversight in these countries."
The G-20 countries which met recently in Pittsburgh have said that the so-called "tax havens" played a role in the financial crisis by allowing major corporations and wealthy individuals to avoid paying taxes at home through bank secrecy and low tax laws.
But without naming the G20, McLean
complained about "the growing tendency of limited membership groups" that "assume decision-making powers on issues affecting the entire international community, without the consent or involvement of that community."