CIMA Thomas Jefferson Memorial Scholarship

| 10/05/2009

(CNS): Caymanians who have been accepted to an accredited university locally or overseas to pursue a bachelor’s or Master’s degree in accounting, business administration, economics or finance can apply for the CIMA Thomas Jefferson Memorial Scholarship, valued at a maximum of CI$25,000 per year. The Cayman Islands Monetary Authority (CIMA) award will be for the duration of the programme; a maximum of four years at undergraduate level and two years for post-graduate studies.

Established in November 2007 as part of CIMA’s 10th anniversary celebrations and as a tangible demonstration of the Authority’s commitment to the financial industry’s human-resource development, the award will support study in fields that are fundamental to the industry, a release from CIMA said.

The scholarship bears the name of the late statesman, who is recognised as having made a significant contribution to the development of the industry. Jefferson, a former Financial Secretary, was Chairman of the Cayman Islands Currency Board, one of CIMA’s predecessor organisations, from 1982 to 1992. In those capacities he had direct responsibility for supervision and regulation of financial services and the management of the currency, roles that CIMA now performs. He subsequently held elected office and was the first elected minister to serve as Leader of Government Business.

The deadline for applications is Friday 29 May 2009. The scholarship guidelines and application form can be downloaded from the home page of CIMA’s website: or via the attached links:

CIMA Scholarship Guidelines

CIMA Scholarship Form

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  1. Anonymous says:

    This is ridiculous and a total waste of money!

    Any Caymanian accepted to do an undergraduate degree at a reputable overseas university gets US$25,000 per year by way of a government scholarship.  Now CIMA is going to add another US$30,000 on top of this.  This totals way and above the requirements of any undergarduate student.

    Much better to have made two awards of, say US$15,000 each.  That would have allowed two Caymanians to study overseas.

    Mind you, CIMA is not the only culprit.  Deutsche Bank and Butterfield are just as guilty.