Belize Bank Committed to Well-being of Employees, Customers and Communities During Crisis

The impact on the economy resulting from the virus is being felt across the country; in fact, one indicator is the number of persons who are jobless and applying for unemployment assistance. That number is up to forty-four thousand, and continues to increase as more businesses bring down their shutters. Today, the Belize Bank issued a statement. The bank states that it remains committed to doing whatever it can to ensure the well-being of employees, customers and the communities it serves as well as safeguarding the investment of shareholders. The bank assures the public that it is well placed to weather the coronavirus storm and has made extensive contingency plans to face the challenges ahead. Notwithstanding, the Bank’s Board of Directors as well as its executive management have volunteered a twenty percent  reduction in director’s fees and salaries until the crisis is over. Because it is not known how long it will take to get over the hump, the measure will be reviewed on a periodic basis.