Representatives from 44 nations participating in a Global Summit on Merit Review, hosted by NSF on May 14-15, 2012, released a set of merit review principles and established a Global Research Council. The merit review principles include expert assessment, impartiality, confidentiality and other factors deemed important to a rigorous and transparent system for evaluating proposals for research funding.
Agreement will surely spawn international R&D collaboration. More at
http://www.nsf.gov/news/news_summ.jsp?cntn_id=124178&org=NSF&from=news