Ivan's Impact
When Hurricane Ivan hit the Cayman Islands on September 11 and 12, 2004 it left:- 83 percent or 13,535 housing units on Grand Cayman severely damaged
- An estimated CI$1.4 billion in damage to the housing sector
- Thousands of families without suitable accommodation
Total damage and loss of about 183 percent of GDP for 2003
Per capita damage and loss of about US$75.70 per person.
The road to recovery has begun, with the help of the Cayman Islands National Recovery Fund (CINRF), a private, independent Trust established on 23rd September 2004. The CINRF is administered by a Board of Trustees, led by His Excellency the Governor, Mr. Bruce Dinwiddy, CMG and is monitored by an Enforcer who has responsibility for ensuring that its funds are distributed strictly in accordance with the Trust deed. The Enforcer is Mr. Andrew Jones, QC, Partner in the Cayman Islands ' law firm, Maples and Calder.
The CINRF receives donations (money, investments and/or property) from entities both locally and overseas to:
- Provide charitable, humanitarian or other assistance to the people of the Cayman Islands
- Promote, assist and implement the speedy recovery of the Cayman Islands
- Further the social, cultural, educational, economic, religious, touristic, sporting and environmental recovery of the Cayman Islands
- Assist communities in their recovery and redevelopment
- Benefit charities with related purposes
Although the CINRF is focused on the overall speedy recovery of the Cayman Islands , HOUSING is now being given priority.
Last Updated: 2005-04-14