AGP Executive Report
Last update: 10 hours agoEconomic Outlook: Cayman’s economy grew 2.4% in the first quarter of 2026, led by a 10.2% rise in hotels and restaurants and 2.1% growth in finance and insurance. Government recorded a CI$317.3 million surplus, though critics say inflation above 5% is squeezing working families. Skills and Resilience: CCRIF awarded US$112,000 in scholarships to 10 Caribbean students, including support for studies in engineering, climate science and natural resource management. Knowledge Economy: Cayman Enterprise City was named the Americas’ leading knowledge zone for 2026 by fDi Intelligence; 500 businesses now operate in its special economic zone. Financial Regulation: CIMA introduced recovery-planning requirements for banks and other deposit-taking institutions, with the rule taking effect in October 2027 and plans due a year later. Energy Transition: Premier André Ebanks says solar remains his preferred option for Cayman, but delays in expanding renewables have prompted consideration of LNG as a possible bridge to lower power costs. Small Business: Twenty-eight exhibitors took part in the Cayman Islands Centre for Business Development’s annual expo, which also featured a youth pitch competition.
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