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7145 Slaughterhouse Road

Belize City, Belize Central America

(+501) 203-2098 or 203-0528

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Live Update COVID-19

📣 MAIN TERMS AND Definations to be fully aware:                      📣 “COVID-19” – means the Novel Coronavirus (2019-nCov), which is an infectious disease caused by a virus which, having emerged during 2019, was declared a global pandemic by the World Health Organisation on the 11th March, 2020;                      📣 “emergency area” – means the area declared to be under a public state of emergency under the Proclamation;                      📣 “essential service” means the offices listed in Schedule I; “essential worker” means an employee of an essential service;                      📣 “social distancing” includes the practice of staying home, avoiding crowds and refraining from touching one another and maintaining a distance of no less than three feet from other persons.                      📣 Need Food Assistance? | ¿Necesita asistencia alimentaria (comida)? – Para Idioma en Español llamar los Numeros : 631-2065 | 636-0423 | 626-4764.                      📣 For English language call: 636-5743 | 627-3634 | 629-8100 |631-9158 | 630-8502 | 607-8053 | 624-8532 | 606-9900 | 631-3359 | 621-4247 | 627-2062 | 607-6178 | 630-1081.                      📣 Please note the numbers for Food Assistance at the Ministry of Human Development, Social Transformation and Poverty Alleviation. The Ministry asks that you please bear patience if you cannot get through.
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Banking & Finance

PM Barrow says the economy is not in crisis

Belize’s economy slumped into a recession during the second half of 2016; however, it has now recovered. Nevertheless, the economy has been very sluggish, to say the least, and the superbond, as well as the huge trade deficit, does not help the situation. Barbados whose money is also pegged to the US dollar is facing economic problems so much so that their Prime Minister Mia Motley reached out to the IMF for assistance to get its economy back on track.  The media asked Prime Minister Dean Barrow whether Belize will have to resort to the same measures.

Prime Minister Dean Barrow: We are not nearly at that level where they have to turn to the IMF, we are steady as she goes, there is ofcourse the need for us to keep on an even Keel with respect to the debt over hand. We need to bring down the debt GDP ratio so that it can be improved from where it is but we’re not in dire straits, we are not undergoing a crisis so all we need to do is maintain I repeat “as steady as she goes course” and come out of this period of consolidation and begin to record the kind of growth we would like to see and that we achieved in the past, begin to achieve that once again.

 

Belize’s GDP continues to fluctuate.

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