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Cabinet to fast-track Private Sector Investment; new admin campus also planned

As we reported, the Government is hoping to fast-track private sector investment and further stimulate economic growth. The government believes that to reach this goal, implementing policy and legislative adjustments to reduce turn-around time will be key. This includes the designated processing areas program used by BPO’s. Minister of State in the Ministry of Finance, Senator Christopher Coye explained some additional incentives for various investment programs.

We also reported that Cabinet approved the development concept of a Government Administration Campus in Belize City in the Lake Independence Development Area using a public-private partnership vehicle. The campus will consolidate government departments scattered across the city including the various courts of the judiciary and enable the more efficient provision of government services to the public. Senator Coye added that this will spur some of the same kind of opportunities for technology and training in other sectors outside government.