Belize Government Aims to Eliminate Grey Economy

Belize Government Aims to Eliminate Grey Economy

As the government is looking to build the blue, green and orange economy, Prime Minister Briceno says they are also looking to eliminate the grey economy.  The grey economy, also known as the Informal Economy, includes businesses and transactions that are untaxed and unregulated.  In other words, it refers to cases of money laundering, drug trafficking, contraband, and any other illegal trade.

 

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