Initiative To Protect and Promote Cayman Economy Launched

Hon McKeeva Bush

Friday, April 30, 2004

A major consultation initiative to protect and advance the Cayman Islands economy was announced by the Leader of Government Business, Hon McKeeva Bush, on Wednesday.

The consultation paper entitled ‘Protecting, Enhancing and Promoting the Cayman Islands’, seeks the views of interested parties about a number of measures proposed by Government to secure benefits for the Islands.
“My priority is to deliver security for our families and opportunities for our children,” said Mr Bush.

“The consultation I have announced today is central to our plans to deliver more jobs in the Cayman Islands, to encourage more business to come here, and to help our financial services community to continue to prosper.”

Issues covered in the initiative include, among other things, enhancing and developing the Cayman Islands Stock Exchange, improving the international standing of the Cayman Islands and securing membership to the International Organisation of Securities Commissions (IOSCO) for the Cayman Islands Monetary Authority.

“We enjoy one of the highest standards of living in the Caribbean, and our efforts must first be focused on protecting what we have,” said Mr Bush, “but we must also look ahead and anticipate new trends and always be one step ahead of our competitors.”

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