Funds In Flight

The new government of the Cayman Islands face a daunting challenge in hauling the local economy out of recession and readying the island group for possible changes in global financial regulation, in our view. Having swept to power in May's elections, the United Democratic Party (UDP), under the stewardship of Governor McKeeva Bush, is seeking to formulate and implement a economic stimulus package. However, there remains much uncertainty as to where the funding for such a programme would come from, especially as tax revenues take a hit from declining tourism and financial services receipts. Aside from economic policy, constitutional reform

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