AGP Executive Report
Last update: 10 hours agoSovereign Wealth Fund: Parliament unanimously backed the proposal in principle, calling for research, public consultation and an advisory committee before Cayman establishes a fund for residents. No launch date has been set. Financial Integrity: Cayman has entered the assessment phase of its fifth CFATF mutual evaluation. The review will examine not just laws but how effectively the jurisdiction detects and prosecutes financial crime, with an on-site visit expected late next year. Economic Diversification: Cayman Enterprise City has reached 500 businesses in its special economic zone, a milestone the government says can expand high-value careers and opportunities for local firms. Camana Bay Development: Dart’s 10-storey Brya project will add 166 rental homes, office space, shops and restaurants, with completion scheduled for 2028. Digital Finance: First Digital has agreed to merge with a SPAC, creating a Cayman Islands holding company planned for a Nasdaq listing in the first half of 2027; the deal values the company at $250 million before the merger.
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