CIMA Thomas Jefferson memorial scholarship

University-bound students have an opportunity to defray the cost of their tertiary education thanks to the Cayman Islands Monetary Authority Thomas Jefferson Memorial Scholarship.

The CIMA is offering this prestigious prize- valued at CI$25,000 per year- to a Caymanian who has already been accepted to an accredited university locally or overseas to pursue a Bachelor’s degree in accounting, business administration, economics or finance.

The award is for the duration of the programme; a maximum of four years at the undergraduate level and two years for post-graduate studies.

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

The scholarship bears the name of the late statesman, who is recognised as having made a significant contribution to the development of the industry.

Mr. Jefferson, a former Financial Secretary, was Chairman of the Cayman Islands Currency Board, one of CIMA’s predecessor organisations, from 1982-1992. In those capacities he had direct responsibility for supervision and regulation of financial services and the management of the currency, roles that the Monetary Authority now Performs. He subsequently held elected office and was the first elected member to serve as Leader of Government Business.

The deadline for applications is Friday, May 29. Scholarship guidelines and application forms can be downloaded from the home page of CIMA’s website: