NTUCB weighs in on the 90 million Debt

Updated: December 4, 2017

The National Trade Union Congress of Belize says the Belize Bank debt must be paid off.  The NTUCB is suggesting that the debt be paid in installments. At its General Council meeting on Saturday, the NTUCB says it accepts the CCJ ruling, however, given the huge debt and the state of our country’s finances, the Government should make payments to the Belize Bank Ltd in installments over a projected period until the debt is fully satisfied. They also call for a special investigating body to be set up to inquire into and report on all the transactions and circumstances of the acquisition of the UHS facility, from inception to present, including questions of ownership and payments made to the Belize Bank Ltd and also including pertinent actions to be taken.