BBB presents legislation proposals to increase wealth accumulation opportunities for Belizeans
The Belize Business Bureau (BBB) says it has presented the government with four legislations geared at increasing the everyday Belizean’s chance of acquiring wealth. The proposals were provided to the Prime Minister, John Briceno, and surround the topic of Asset Accumulation, which is the process of building wealth over time by earning, saving, or investing. BBB President, Arturo Lizarraga, says the entity hopes to work with both the Private and Public sectors to draft the proposed amendments and laws. According to him, one of the bills is geared at strengthening the country’s equity market, and establishing a pension fund is applicable for both the private and public sectors.
Lizarraga further stated that the other bills seek to improve the everyday man’s access to finance, Belize’s real estate market, and the manner in which businesses are able to re-organize capital and declare bankruptcy.