In the first year under Forbes Burnham, conditions in the colony began to stabilize. The new coalition administration broke diplomatic ties with Cuba and implemented policies that favored local investors and foreign industry. The colony applied the renewed flow of Western aid to further development of its infrastructure. A constitutional conference was held in London; the conference set May 26, 1966 as the date for the colony's independence. By the time independence was achieved, the country was enjoying economic growth and relative domestic peace.