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The Statistical Institute of Belize, S.I.B., reports that Belize’s debt-to-G.D.P. ratio has made a forty-five percent fall from a hundred and thirty-three percent in 2020 to eighty-eight percent, where it currently stands. S.I.B. points to the restructuring of the Super Bond to what is now the Blue Bond as a major contributor. C.E.O. in the […]
Written on July 21, 2022 | Posted in
Economy |
Comments Off on S.I.B. Says Debt to G.D.P. Ratio Has Improved Significantly Since 2020
But while C.E.O. Martinez and the S.I.B. statistics present one figure, Economist, Carlos Magana raises questions as to whether that percentage was arrived at perhaps because some elements were eliminated. Carlos Magana, Economist “It all depends on the formula that was used, the model that was taken into consideration to be able to classify […]
Written on July 21, 2022 | Posted in
Economy |
Comments Off on Economist Weighs In On G.D.P. Rate
As the whole discussion of climate change and carbon credits takes shape, Belize being under-developed, as it were, is an advantage for us in the greater scheme of things. That’s because we can benefit from a significant amount of money, possibly hundreds of millions of dollars because we are still a green nation with a […]
Written on July 21, 2022 | Posted in
Economy,
Environment |
Comments Off on C.E.O. Martinez: Belize Can Make Hundreds of Millions of Dollars off Carbon Credits
Concerns have been raised about the illegal occupation of private lands north of Caye Caulker Village. News Five understands that several persons have erected dwellings in an area on the other side of the Split and a recent encounter with squatters could have ended badly, as machetes were reportedly drawn. Earlier today, we asked Area […]
Written on July 21, 2022 | Posted in
Economy,
People & Places |
Comments Off on Squatters Taking Up Private Land on Northern Caye Caulker
A recent Sustainable Energy for All report by the United Nations indicates that countries across the Caribbean are unable to meet their energy demands. CARICOM’s Regional Organization for Standards and Quality has sounded the alarm, stating that efforts to address sustainability in energy use are needed now more than ever. Saving money on energy is […]
Written on July 21, 2022 | Posted in
Economy,
Environment,
People & Places |
Comments Off on Belize Charts Course Regional Path towards Regional Efficiency Labeling Scheme
The Lait Up Belize Project, an initiative of the European Union, is providing the financial support needed for the Belize Bureau of Standards to develop its energy efficient labeling framework. Glynn Morris, the team leader at Lait Up Belize was present at this morning’s event. He gave an overview of aid being provided. Glynn […]
Written on July 21, 2022 | Posted in
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Environment |
Comments Off on Lait Up Belize Provides Support to Belize’s Energy Efficient Frame Work Initiative
The second of two U.S. Air Force flights that were scheduled to transport emergency response vehicles to Belize in July, arrived today carrying two ambulances, two support trucks, and medical supplies. The donation was made possible through a U.S. government funded Central America Regional Security Initiative Economic Support Fund grant. The fund was established to […]
Written on July 21, 2022 | Posted in
Economy,
People & Places |
Comments Off on Two New Ambulances and Support Trucks from Belize Heroes N.G.O. to G.O.B.
The Belize International Music and Food Festival is less than two weeks away, and while the performing artists are fine-tuning their sets, the San Pedro Town Council and Area Representative Andre Perez are looking forward to the first-of-its-kind event on the island. It’s not to say that La Isla Bonita has not hosted international concerts […]
Written on July 21, 2022 | Posted in
Economy,
Entertainment,
Environment |
Comments Off on B.I.M.F.F. is Expected to Bring Additional Economic Activity to San Pedro
It has been a little over six years since the Sarstoon F.O.B. was inaugurated at the southernmost end of the country. Viewers would recall that at the time of the opening there was conflict between our security forces and the Guatemalan military which patrolled the waterway and often crossed over into Belize’s side of the […]
Written on July 20, 2022 | Posted in
Economy,
Environment,
Featured |
Comments Off on Sarstoon Forward Operating Base is Under Serious Threat of Erosion
The U.S. Secretary of State has released its twenty-second annual Trafficking in Persons Report and has upgraded Belize’s status to Tier Two. It’s a significant improvement that comes after two years of being placed lower on that index. The report highlights, quote, that the Government of Belize demonstrated overall increasing efforts compared with previous reporting […]
Written on July 20, 2022 | Posted in
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Featured,
People & Places |
Comments Off on Belize Upgraded in Human Trafficking Rank
The Anti-Trafficking in Persons Council, (ATIPS), is chaired by the Ministry of Human Development and is the multi-sectoral body which coordinates Belize’s response to human trafficking. On the phone: Dolores Balderamos-Garcia, Minister of Human Development “Because Human Development is sort of like the coordinator of our anti-trafficking efforts, we have to kind of wear […]
Written on July 20, 2022 | Posted in
Economy,
Featured,
Foreign Affairs,
People & Places |
Comments Off on Briceño Administration is Pleased with Belize’s Revised Ranking
The buzz words since the Earth’s surface temperatures began to increase two decades ago have been “global warming”, “climate change” and “climate resilience.” But while much discussion has surrounded the topic, how prepared would Belize, particularly its private sector, be to recover if we were to experience a catastrophic natural disaster as a result of […]
Written on July 20, 2022 | Posted in
Economy,
Environment,
People & Places |
Comments Off on B.C.C.I. and G.O.B. Discuss Private Sector Readiness for Climate Change
As we reported earlier, Belize is now aggressively pursuing finance from the developed countries in order to be able to assist private sector businesses in the event of a climate change phenomenon. C.E.O. in the Ministry of Economic Development, Doctor Osmond Martinez suggested that this was an area where, in the past, we have been […]
Written on July 20, 2022 | Posted in
Economy,
Environment |
Comments Off on C.E.O. Osmond Martinez: Belize Aggressively Pursues Finance We Almost Lost Out On
Martinez says that some of the finances from Green Climate Finance are already being put to use to mitigate the full impacts of climate change events. There are several rural communities that are benefiting from the funds, he told us. Dr. Osmond Martinez, C.E.O., Ministry of Economic Development “G.C.F. has looked at us and […]
Written on July 20, 2022 | Posted in
Economy,
Environment |
Comments Off on Several Communities Benefit from Green Climate Finance
Belize is seeing trends in foreign direct investments that are more encouraging now than in previous years. In the past, there were a lot of bureaucratic procedures that discouraged foreigners from investing their money in Belize, but there are steps being made to lift a lot of the proverbial “red tape” that accompanied that activity. […]
Written on July 20, 2022 | Posted in
Economy,
Foreign Affairs |
Comments Off on Belize Seeks to Attract More Foreign Direct Investments as Trends Improve
Today in front of the NEMO headquarters in Belmopan, the Ministry of Transport held a small ceremony to signal the rollout of its fuel subsidy program. Almost a hundred bus operators stand to benefit from the six-month program to the tune of one point six million dollars. Witnessing the event were public and private sector […]
Written on July 20, 2022 | Posted in
Economy,
Environment,
People & Places |
Comments Off on $1.6 Million Fuel Subsidy for Bus Operators in the Transport Sector
Today, the Belize National Teachers’ Union celebrated its fifty-second anniversary. The union marked the day by acknowledging and thanking those who have fought diligently over the years to preserve and ensure its motto: service, security and success. According to a release issued by the union, it stands as the most steadfast and vocal trade union […]
Written on July 20, 2022 | Posted in
Economy,
People & Places |
Comments Off on B.N.T.U. Celebrates Its 52nd Anniversary
The Belize Social Security Board has an investment portfolio of over four hundred and fifty-three million dollars in areas such as utility companies, banks and financial institutions, in agriculture and tourism. According to a public notice that was circulated, S.S.B.’s latest investment in the Development Finance Corporation is a twenty million dollar loan facility for […]
Written on July 19, 2022 | Posted in
Economy,
Environment |
Comments Off on S.S.B. to Invest $20 Million in D.F.C.
And while S.S.B. is investing heavily to be able to cover the cost of retirement, there is already a need to make adjustments on how much we pay or how long we wait to retire. It’s a conversation that the Social Security Board’s C.E.O., Deborah Ruiz says has to take place with the relevant parties. […]
Written on July 19, 2022 | Posted in
Economy |
Comments Off on S.S.B. to Discuss Parametric Reform with Relevant Parties
While the Social Security Board is investing a significant amount in the D.F.C., the social insurance program is also inviting requests for loan proposals from anyone who is interested in conducting that kind of business with them. S.S.B.’s C.E.O., Deborah Ruiz, explained what it is that they provide and what borrowers are required to provide. […]
Written on July 19, 2022 | Posted in
Economy |
Comments Off on S.S.B. Welcomes Investment Requests over Quarter Million Dollars
Last Thursday, an implementation arrangement for the digital inclusion program was signed between the governments of Belize and Taiwan by Ambassador David Kuan-Chou Chien and Minister of Public Utilities, Energy, Logistics and E-Governance Michel Chebat. The almost half-a-million Belize dollar program is being funded by the Taiwanese government and will assist in the development of […]
Written on July 19, 2022 | Posted in
Economy,
Environment |
Comments Off on G.O.B. & Taiwan Sign Implementing Arrangement for Digital Inclusion Program
The Ministry of Public Utilities, Energy, Logistics and E-Governance is also working on an energy plan for the country. It is all in an effort for Belize to become independent of Mexico for electricity from the Comisión Federal de Electricidad (C.F.E.). It would mean that the government would be looking to other sources of renewable […]
Written on July 19, 2022 | Posted in
Economy |
Comments Off on G.O.B. Working on an Energy Plan for Become Self-Sufficient in Electricity
During a zoom interview with Minister Chebat today, News Five also asked about the ministry’s plan to electrify the entire country. When the Briceño administration took office, twenty-three villages were not a part of the national grid and did not have electricity. Minister Chebat says that some villages are already being electrified, but through solar […]
Written on July 19, 2022 | Posted in
Economy |
Comments Off on Public Utilities Minister on Electrifying the Entire Country
Last night, we told you about the Senate’s debate on the seventy-five million U.S dollar loan from the Government of Taiwan, as well as a twenty-five million U.S. dollar loan motion from the Central American Bank for Economic Integration. The Government of Belize is also seeking parliamentary approval to allocate an additional sixty -eight million […]
Written on July 19, 2022 | Posted in
Economy |
Comments Off on Senate Debates Sixty-Eight Million Dollars Supplementary Appropriation
The Government of Belize is seeking to borrow seventy-five million U.S dollars from the Government of Taiwan, as budget support for the next four years. According to the prime minister’s address in the House of Representatives on Friday, the loan will provide financial support to the Ministry of National Defense and Security, the Ministry of […]
Written on July 18, 2022 | Posted in
Economy,
Foreign Affairs,
People & Places |
Comments Off on Senator Coye: US $75 Million Taiwan Loan Covers Inherited “Financial Disaster”
