CIMA creates CIMA Thomas Jefferson Memorial Scholarship
It has been discussed before that the Cayman Islands Monetary Authority has celebrated its 10th anniversary. The event was the opportunity to announce that the CIMA Thomas Jefferson Memorial Scholarship has been created.
The creation of the Scholarship named in honour of the late Financial Secretary, Chairman of the Cayman Islands Currency Board and past Leader of Government Business, was announced by CIMA Chairman Timothy Ridley.
The scholarship valued at $25,000 per annum will be an opportunity for Caymanians who want to get a bachelor’s or master’s degree in finance, economics, business or accounting.
Mr. Ridley said that the financial services sector is “a key driver of Cayman’s economic successâ€, therefore it is important to share this success be shared with the community. He also added that “an education system that supplies literate, numerate and motivated graduates and an industry that provides employment and career advancement opportunities for those graduates†are critical components.
According to Leader of Government Business Kurt Tibbetts, the financial industry is “part of the economic lifeblood†that flows through the Cayman Islands to bring stable employment and a good standard of living as well as to support entrepreneurs and investment opportunities.