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When Hurricane Ivan hit the Cayman Islands on September 11
and 12, 2004 it left 83 percent or
13,535 housing units on Grand Cayman
severely damaged and an estimated
CI$1.4 billion in damage to the
housing sector. Thousands of
families without suitable
accommodation. Total damage and loss
of about 183 percent of GDP for
2003. Per capita damage and loss of
about US$75.70 per person. The road
to recovery has begun, with the help
of the Cayman Islands National
Recovery Fund (CINRF), a private,
independent Trust established on
23rd September 2004. The CINRF is
administered by a Board of Trustees,
led by His Excellency the Governor,
Mr. Bruce Dinwiddy, CMG and is
monitored by an Enforcer who has
responsibility for ensuring that its
funds are distributed strictly in
accordance with the Trust deed. The
Enforcer is Mr. Andrew Jones, QC,
Partner in the Cayman Islands ' law
firm, Maples and Calder. The CINRF
receives donations (money,
investments and/or property) from
entities both locally and overseas
to provide charitable, humanitarian
or other assistance to the people of
the Cayman Islands, promote, assist
and implement the speedy recovery of
the Cayman Islands, further the
social, cultural, educational,
economic, religious, touristy,
sporting and environmental recovery
of the Cayman Islands, assist
communities in their recovery and
redevelopment and benefit charities
with related purposes.
Although the CINRF is focused on the
overall speedy recovery of the
Cayman Islands, HOUSING is now being
given priority. Born out of the
initiative and altruistic spirit of
members of the private sector and
with the support and collaboration
of government representatives, The
Cayman Islands National Recovery
Fund (CINRF) was launched on 23rd
September 2004, in response to
Hurricane Ivan, which devastated
Grand Cayman on 11th September 2004.
Ivan represented the worst hurricane
to hit the Caribbean in 10 years and
its damage to the infrastructure and
all productive sectors of the Cayman
Islands' economy was on the scale of
183 per cent of GDP for the year
prior to hurricane. Against the
background of the severity of the
damage, the CINRF was also born out
of recognition that Ivan's
devastating impact would put
considerable strain on government
resources and recovery would require
private support. The CINRF was set
up as a private, independent Trust
to assist the people of the Cayman
Islands in recovering from hurricane
Ivan. The Fund is administered by a
Board of Trustees, led by His
Excellency, the Governor, Mr. Bruce
Dinwiddy, CMG. The CINRF receives
donations to support its recovery
efforts. Cash contributions,
building materials and pledges of
specific sums over time are welcome.
All donations received by CINRF are
administered in accordance with its
goal to assist persons adversely
affected by Hurricane Ivan. Critical
to this process is the role of the
Enforcer, who has responsibility for
ensuring that funds are disbursed in
strict accordance to the Trust deed.
The Enforcer is Mr. Andrew Jones,
QC, Partner in the law firm, Maples
and Calder. Since its inception, the
CINRF has focused on providing
housing assistance to residents
whose properties were uninsured and
those who can least afford the costs
of repairs. Special focus has been
placed on residences with young
children, the elderly and the
infirm. In the Cayman community, the
CINRF has launched several
initiatives to raise funds, and the
private sector and individuals have
responded in many ways, including
direct cash donations and
fundraising on behalf of the CINRF.
With the appointment of an
international fundraising team,
CINRF aims to launch new initiatives
to attract new donors to the Fund,
from within and outside of the
Cayman Islands.
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