Country Report Cayman Islands June 2009
| Publication Date | June 2009 |
|---|---|
| Publisher | EIU |
| Product Type | Report |
| Pages | 15 |
| ISBN Number | not applicable |
| Product Code | EIU01444 |
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Summary
Review
The opposition United Democratic Party (UDP) won a majority of seats in the 15-member Legislative Assembly in a general election held on May 20th, beating the incumbent People's Progressive Movement (PPM), which had been in power since 2005. A referendum on a new constitution was held simultaneously, and was approved in all the constituencies. Implementation of the new constitution, which will change the composition of the executive, will begin as soon as it is ratified by the Privy Council in London.
This report covers the following industry codes:
SIC Code: 60;70;1
NAICS Code: 52;72;11
Content
- Summary
- Basic data
- Political structure
- Economic structure: Annual indicators
- Review: UDP wins general election as new constitution nears
- The region: Summary
- Outlook for 2009-10: Broad political stability will be maintained
- Outlook for 2009-10: Regional integration will advance slowly
- Outlook for 2009-10: Economic downturn will impact public finances
- Outlook for 2009-10: The tourism sector will be hit by the global downturn
- Outlook for 2009-10: Tighter global liquidity threatens resource investments
- Outlook for 2009-10: The outlook for agriculture is mixed
- Outlook for 2009-10: Financial-sector performance will vary across the region
- Outlook for 2009-10: Crime will remain a major security concern
- Recent developments: Frustration rising over lack of response to crisis
- Recent developments: CRNM to be absorbed into Caricom secretariat
- Recent developments: Caribbean countries seek assistance from IMF
- Recent developments: Tourist arrivals decline sharply as global recession bites
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