Background: The Cayman Islands were colonized from Jamaica by the British during the 18th and 19th centuries and were administered by Jamaica after 1863. In 1959, the islands became a territory within the Federation of the West Indies. When the Federation dissolved in 1962, the Cayman Islands chose to remain a British dependency. The territory has transformed itself into a significant offshore financial center.
Definition: This entry usually highlights major historic events and current issues and may include a statement about one or two key future trends.
Source: CIA World Factbook - This page was last updated on Saturday, September 18, 2021
