Cayman Islands

November 2005 | Risk Summary

The government of the Cayman Islands maintains a prudent fiscal policy stance. Public finances since the 1990s have been principally directed at managing growth of the thriving offshore sector and tourism industry, while maintaining welfare provision for the poor and vulnerable. Data are yet to be released, but we estimate that government finances strengthened in 2004, although post-hurricane reconstruction efforts would have placed some strain on these. Looking ahead, the development objectives of the central government are to sustain real living standards, improve access to health and education and diversify the economy in order to distribute development gains more evenly

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