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Despite improved collaboration with the Group, there remain certain areas of opacity in the implementation of the arms embargo.

In some economies, structural rigidities adversely affect investment incentives and returns. Similarly, regulatory opacity and, more broadly, uncertainty about the direction of economic policy has discouraged investment.

In the context of the obfuscation and opacity surrounding the WAMCO agreement, progress by the National Transitional Government of Liberia towards meeting the requirements of the Security Council has effectively stalled.

2. thanks to securitization, private equity, hedge funds, and over the counter trading, financial markets have become less transparent. This opacity means that no one knows who is holding what, which saps confidence.

The complexity and opacity of the industry's structure is widely considered to have permitted diversion of cocoa revenue in the recent past, both for private purposes and towards off budget expenditure by the Government, particularly military spending.

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Then, in November, the NTC s military prosecutor named its own former deputy prime minister, Ali al Issawi, as the prime suspect. The conflict and opacity surrounding the case are telling signs of the country s political fragility since Colonel Muammar el Qaddafi s demise.

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High on past positive. Moderately high on future.

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High strung. Very high strung Good evening, Abra.

To be sure, the CCP s opacity, secrecy, and penchant for untruth always implied a credibility problem. But, in the last decade, a series of scandals and crises involving public safety, adulterated food and drugs, and environmental pollution has thoroughly destroyed what little credibility lingered.

In general, however, opacity is a defining feature of most SWFs, exacerbating the risks that they pose. While some SWFs, like Norway s Government Pension Fund Global, are transparent, little information is available on most SWFs size, portfolio holdings, investment strategy, performance, or mode of governance.

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