Confidence in Gov’t Low following resignations says Cayman Chamber of Commerce 

Garfield Ekon

Staff Writer

Cayman, November 6, 2024 – The business community in the Cayman Islands, has expressed “grave concern” over the stability of the Hon. Juliana O’Connor-Connolly led Government, after three Ministers quit the Cabinet.

According to the Chamber of Commerce, the resignations amounted to a “seismic political shift”, and the reasons they gave for their departure raised serious unease.  This came despite reassurances from former Deputy Premier André Ebanks and Governor, Hon. Jane Owen that the Government is still functioning as normal, after the resignations.

“This moment demands clear and steadfast leadership. As our country faces critical decisions on matters such as funding major projects, the upcoming referendum, and sustaining our international reputation, stability is paramount,” said Chamber President, Joanne Lawson.

Adding that the situation has implications for business stability and international partnerships, she said the business and international partners are “watching closely”, and they cannot afford to let uncertainty damage confidence in the Cayman Islands

The Chamber warned that the Government’s instability could impact local businesses immediately, and that many are delaying or reconsidering investment decisions until there is clarity on governance. “This period of uncertainty “poses risks for our entire community, threatening to slow progress on crucial issues and diminish the confidence of local and international stakeholders alike”.

The President said her group wants to see swift action to restore confidence in the Government, protect the economy, and maintain a stable environment for business. “The Chamber will continue to support the business community and push for a Government that prioritises the well-being and prosperity of all Caymanians.”