Economy

An economic team from the FCO will visit Cayman during the week of 22 March to conduct an economic review. [more]

The UK has given the Cayman Islands permission to borrow $279 million to help deal with its financial crisis. [more]

The Cayman Islands Government is considering reducing the pay of civil servants to help deal with the country’s financial crisis. [more]

The 2009 Miss Cayman Pageant has been cancelled as a direct result of the economic crisis facing the Cayman Islands. [more]

Leader of Government Business McKeeva Bush stated in a press conference yesterday that income tax and property tax are not options to resolve Cayman’s financial crisis. [more]

Leader of Government Business McKeeva Bush held an emergency meeting at the Ritz Carlton hotel yesterday to outline the financial difficulties government is currently facing. [more]

The OECD has placed the Cayman Islands on their ‘white list’ of countries that have substantially implemented international standards on tax disclosure. [more]

The Cayman Islands has been placed on a ‘grey list’ of countries that need to substantially implement an internationally agreed tax standard.

The list was published at the end of the G20 meeting in… [more]

The Cayman Island Government is to slash recruitment in a bid to minimise the effect of the global economic slowdown on the economy.

The government has asked its chief officers to refrain from… [more]