Fidelity Bank (Cayman) Ltd.’s 2016 annual Cayman Economic Outlook (CEO) will explore the impact of deepening global inequality.
The 13th annual conference, “Think: Inequality. Addressing the Global Imbalance,” will be held Jan. 19 at The Ritz-Carlton, Grand Cayman.
“Inequality is one of the key universal challenges we face today,” said Anwer Sunderji, chairman of Fidelity Group. “While it is true that world economic growth is on the rise, inequality is worsening. As the world’s rich get richer, the middle class is struggling; the top 1 percent of the population receives a quarter of the income in the United States. Inequality is a far-reaching global issue resulting in political instability, unemployment, conflict and poverty.
“We are not immune from the ramifications of inequality in Cayman,” he noted.
The keynote speaker at the conference will be global economist and World Economic Forum Young Global Leader Dambisa Moyo. Named by TIME magazine as one of the 100 Most Influential People in the World, Moyo focuses on translating trends in markets, politics, regulatory matters and economics into their likely impact on global business.
A panel of international speakers and local thought leaders will tackle the question of inequality in the Cayman Islands, and Premier Alden Mclaughlin will open the conference with his annual State of the Nation address.
The Fidelity CEO conference aims to provide an understanding of the global forces that impact the lives and businesses of those residing and doing business in the Cayman Islands.
Conference registration opens on Sept. 1. Registration fee of US$490 includes breakfast, lunch and an end-of-day cocktail, in addition to eight speaker sessions.