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​Kareem Michael Officially Appointed as ​Central Bank Governor

Kareem Michael’s appointment as the Central Bank Governor is official and takes effect as at December 1, 2021. The appointment was approved by the Governor General upon the advice of Prime Minister John Briceno. A statement from the Central Bank of Belize congratulated Michael and expressed willingness to work with him in furthering the Central Bank’s mission. As we have reported in previous newscast, Michael’s appointment has angered many, particularly within the Briceno Administration as he is known to be a supporter of the opposition. Additionally, concerns hover over the fact that Michael was the Deputy Governor when several fiscal decisions were being made that had led to the country’s high GDP and national debt. According to the release from the Central Bank, Michael began his work at the Central Bank as Monetary Economist in 2000. He later led the development of and oversaw the Bank’s Statistical Unit and was promoted to Deputy Director of the Research Department in 2008. In 2014, Mr. Michael resigned from the Central Bank to take up the position of Senior Business Analyst at the Belize Electricity Limited. He returned to the Central Bank as Deputy Governor in November 2017, with responsibility for the Financial System Supervision Department, Research Department, and Compliance Unit. Michael now succeeds former Governor, Gustavo Manuel Vasquez.