OVERVIEW: Proposals for constitutional reform were published in January; they will serve as the basis for public discussion on constitutional modernisation before a referendum, which is due in May 2008. Reduced government spending led to a surplus of US$70m in the 2006/07 financial year (July-June). Consumer price inflation rose in September. US Airways has launched a new weekly non-stop service between Boston and Grand Cayman.

Source: Cayman Islands: Country outlook