15 May 2012

The Cayman Islands government has sought to bolster business relations with Brazilian investors by taking part in the recent Brazil Investment Summit.

The government said the event presented the opportunity to hold meetings with private equity and institutional investors and provide valuable insight into how the Cayman Islands is perceived internationally, and what policy makers could do to maximize the territory's potential to act as a conduit to investment flows to Brazil.

During the visit, meetings were held with members of Brazil's private sector, key industry associations, including the Brazilian Alternative Investment Managers Association, and representatives from the Portuguese and American Chambers of Commerce.

A team from the government hosted a booth at the summit to offer information on the financial services products being offered from the islands, including in the maritime and aviation spheres.

Welcoming the success of the event, Cayman Premier and Minister for Finance, Tourism and Development, McKeeva Bush, stated: The government has given the Ministry of Finance a mandate to focus energies on emerging economies such as Brazil. Our private sector has long established strong links with Brazil. It is important that we do our part to ensure that the Cayman Islands service providers remain the service providers of choice for the facilitation of Brazilian investment flows.

The Cayman Islands is one of the top five jurisdictions in the world for investment in and out of Brazil, according to 2010 data from the International Monetary Fund. Dr Dax Basdeo of the Cayman Islands Ministry of Finance said that inward portfolio and direct investment flows amount to USD27bn annually, while outward flows amount to nearly USD40bn.

Originally posted here:

Cayman Islands Target Brazilian Investors