Lack of will holding Cayman economy back

(CNS Business): Cayman is ideally placed to continue to build on its past economic success but the lack of will to make tough decisions is what is holding the country back, the outgoing president of the local Chamber of Commerce said last week as as he handed over the reins to Barry Bodden, the new president. “What is holding us back is the will to make the tough decisions and understand the steps necessary to achieve the results that we should all want,” Johann Moxam said.

“Once we agree on a direction, we have to commit to a course of action, be aggressive and lead, instead of being reactionary to world trends,” he added.

Moxam’s year in office was marked by a distinct change in direction for the Chamber to be much more outspoken on behalf of its membership and much more public on the issues that the Chamber supports and the things that give it cause of concern. The outgoing president said that while there are differences between the philosophies of business and government, both want to see a vibrant and growing economy.

Touching on an issue that has been a major concerns throughout his presidency — the problem of social divisions within the Cayman business and the wider community — he said, “We must tear down the walls of division and work together in harmony to build a new Cayman that is diverse yet respectful of Caymanian traditions, heritage and our way of life.” Cayman is now a collection of different nationalities, cultures and languages, he pointed out.

“We must accept this reality whilst ensuring that we teach each generation that being Caymanian is more than a convenient economic ticket or a passport and a token phrase. It must be a commitment to these islands. Being Caymanian means we are a people who work together for what is best for our islands. It does not matter if you are a multi-generational Caymanian or a new Caymanian, your voice matters. It must matter.”

Moxam said that at the risk of sounding Utopian, he believed it was possible for everyone to work together to maintain the quality of life and welcoming environment that has attracted people to make Cayman their home, raise a family or to establish a businesses, “because we all live in what is arguably the greatest country in the world”.

He encouraged members to get involved in the work of the Chamber as the organisation enters its 50th anniversary.

“Volunteer to serve on a committee. Sponsor an event or programme. Support Chamber positions. Respond to a survey,” he urged. “We, as your Council, are elected to work for the membership. And we stand by the Chamber’s mission, which is to support, promote and protect your interests and the welfare of our beloved home, Cayman. Let your voice be heard.”

Tags: Chamber of Commerce, Featured, Johann Moxam

Category: Local Business