Prime Minister Encourage Banks to Lend More to Belizeans

Prime Minister John Briceño

And staying on finances, in its last report, the Central Bank announced that there is excess liquidity in Belize’s financial system. Central Bank noted that most of this liquidity is concentrated in one local bank. The stabilizing body of the nation’s monetary system encouraged more lending from financial institutions with excess liquidity. Today, Prime Minister Briceño echoed the call for financial institutions to increase their lending to Belizeans.

Prime Minister John Briceño

“I do believe in particular the Belize Bank who has merged with the Scotia Bank, they are the ones who have the most liquidity. But they set their policies. I wish there would be bit more, would be able loosen up a bit more to make funding more available and quicker to our citizens as there is a lot of needs, a lot of people wants to invest, a lot of people want to own their homes. But, we need to find ways how we can do that. The DFC has been helping with that and we have been changing the cash liquidity ratio of the banks and allowing that a certain portion be used for certain areas of the economy like housing and certain investments.”