Economy, Banking & Finance

GOB Identifies Areas to Tackle in Push to Alleviate Poverty

While the Caribbean Development Bank (CDB) has recently provided financing to have the Statistical Institute
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Government in Talks with Belize Bank to Avoid Court Battle

The Briceno Administration is meeting with the Belize Bank in hopes of avoiding a court
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CDB, SIB and Ministry of Economic Development Partner Up To

A memorandum of agreement was signed today with the Caribbean Development Bank, the Statistical Institute
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Boledo Sales to Bolster Belize Health System: PM Briceno Forecasts

The Government of Belize is expecting to collect an estimated seventy million dollars from the
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Belize American Chamber of Commerce Eyes Credit Union Venture with

The Belize American Chamber of Commerce (BACC) is a development agency that is looking at
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Government Launches Artisanal Fishing Loan Program to Boost Livelihoods

Over eighteen hundred Belizean fishers will now have access to low-interest loans to improve their
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Belize Pushes for Regional Economic Integration in Talks with IDB

Minister of State, Christopher Coye, recently returned from Guatemala where he led a delegation to
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Meeting with Guatemalan Officials Promises Economic Boost

A Belize delegation to Guatemala has met with the Minister of Public Finance where several
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Ministry’s Compliance Mission: 50 Establishments Ticketed, Inspections Continue

The Government, through its Supplies Control Unit (SCU) in the Ministry of Agriculture, Food Security
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DFC Seeks Green Climate Fund Accreditation for Sustainable Development

The Development Finance Corporation (DFC) is seeking accreditation with the Green Climate Fund (GCF).  The
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Regular Fuel Drops from $13.43 a gallon to $11.68

Keeping track of fuel prices has been quite an undertaking, especially since the government stopped
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Government Aims to Revive Citrus and Banana Industries: Slow Progress

The government hopes to revive the once-vibrant citrus and banana industries. In recent years, production
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Belize Post Office Employee Caught Smuggling Sugar

An employee of the Belize Post Office is facing hefty fines after he was caught
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Central Bank of Belize Announces Changes to Banking Fees in

The Central Bank of Belize held its second 2023 press brief today where it announced
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Santander Sugar Group Seeks Approval for Local Sugar Sales Amidst

Now that the country’s main sugar supplier, BSI/ASR, isn’t able to identify who’s sending the
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Belize Bank Limited Attains AA-Plus Credit Rating from CariCRIS

The Belize Bank Limited has received an AA-Plus credit rating from the Caribbean Information and
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Services Sector Aids Belize’s Trade Balance Despite Widening Deficit

With Belize’s falling export revenues and high import expenses, the country’s trade deficit continues to
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Ramen Imports Surge in Belize Amidst Soaring Food Prices: CPI

Imports of Ramen noodles skyrocketed this year as Belizeans continue to grapple with the high
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Nationwide Sugar Shortage Hits Belize: Consumers and Businesses Demand Solutions

Another major issue consumers are grappling with is a country-wife shortage of sugar. For weeks,
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Belize’s Unemployment Rate Rises to 4%: SIB Report Highlights Shifts

Belize’s unemployment rate bumped up from two-point-eight percent earlier this year to four percent. That
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Opposition Leader joins CWU in taking issue with lack of

The Christian Workers Union is not the only entity concerned about the government’s interim board
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Senate Debates $86.9 Million Appropriations Bill for Public Sector Expenditure

The Senate convened today in Belmopan where they debated several Bills brought from last week’s
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Senate Approves Port Acquisition & Settlement Deeds Bill 2023 for

Another major topic of discussion in today’s Senate meeting was the Port Acquisition & Settlement
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Leader of the Opposition weighs in on bread price hike

The Ministry of Agriculture and the Baker’s Association continue to dialogue over the controlled price
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Government Strikes Deal to Acquire Port of Belize at Reportedly

As we noted, the government is reportedly acquiring the Port of Belize at a massive
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Ministry of Agriculture Seeks Solution to Bread Price Hike: Options

The Ministry of Agriculture is preparing to submit a Cabinet paper that may solve the
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Belize’s Bakers’ Association Takes Matters Into Their Own Hands, Announces

Belize’s Bakers’ Association is looking to take matters into their own hands to raise the
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GOB’s short-lived Decision to Increase CEO Phone Allowances Sparks Debates:

The Government of Belize’s short-lived decision to increase telephone allowances for CEO’s and heads of
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Belize City Mayor Bernard Wagner Confident as Municipal Elections Approach:

Municipal Elections are only a few months away and political parties are already in campaign
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Cost of Living Rises in Belize: SIB Reports 4.3% Increase

The cost of living continues to climb while import expenditures and export revenues for last
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PSU Threatens Action Over Government’s Phone Allowance Increase Amid Prosecutor

The unfulfilled agreement made with the court prosecutors comes at a time when the Ministry
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Contracts Signed for Sale of Belize Government Lotteries

In two weeks, Belize’s Boledo blues will be over. Yesterday, following the conclusion of the
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BPO Association Conducts Simulation Exercise in Toledo District: Minister Requena

The Business Process Outsourcing (BPO) Association was in the Toledo District holding a simulation exercise
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Central Bank Governor Advocates for Increased Competition Between Banks and

The Central Bank Governor, Kareem Michael, is preparing to push for greater competition between banks
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Social Security Board Proposes $9 Million Loan for New Rum

The Social Security Board has proposed to loan nine million dollars to a Belizean company
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Financial Intelligence Unit Trains Law Enforcement on New Civil Asset

This week the Financial Intelligence Unit (FIU) is sensitizing law enforcement and other investigating agencies
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Labour Commissioner Confirms Significant Drop in Belize’s Unemployment Rate

The Labour Commissioner, Riselli Dominguez, has confirmed the significant lowering of the unemployment rate for
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Private Sector Struggles to Fill Vacancies in Belize Amid BPO

The report by Labour Commissioner Dominguez, brings us to a very important matter when it
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Labour Department Initiates BPO Job Training in Punta Gorda

The Labour Department is spearheading a job training in Punta Gorda Town, Toledo District for
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Opposition Leader “Shyne” Barrow Accuses PM of Allowing Gas Prices

Leader of the Opposition Moses “Shyne” Barrow continues to condemn the high cost of fuel
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New Call Center Opens in Dangriga, Promising Job Opportunities

A new call center was officially opened yesterday in Dangriga Town.  The news of the
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Dr. Leroy Almendarez Re-elected Deputy Chairperson of Caribbean Export Development

Belize’s Dr. Leroy Almendarez, Executive Director of (BELTRAIDE) has been unanimously re-elected Deputy Chairperson of
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Prime Minister John Briceno Tours Ongoing Projects in Dangriga

Prime Minister John Briceno had a packed agenda today in the south as he visited
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Record Sugar Cane Farmer Dividends Welcomed by Prime Minister Briceno

Prime Minister John Briceno says the increase of dividends to the sugar cane farmers is
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Government to Conduct Research to Support Belize Citrus Industry

Prime Minister John Briceno plans to conduct more research to help the citrus industry. In
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Belize’s Export Revenues Decline, Imports Rise, and Cost of Living

The Statistical Institute of Belize says that export revenues are down while import expenses and
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Butane Prices Drop by 21 Cents Nationwide

Those in the food industry will see some reprieve at the new butane prices.  The
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Ministry of Agriculture Focuses on Diversifying Belize’s Agricultural Sector

The Ministry of Agriculture continues to focus on the diversification of Belize’s agricultural sector to
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Government of Belize is planning to implement more social protection

The Government of Belize is planning to implement more social protection measures to assist Belizeans
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Price Gouging Task Force Takes Action to Curb Unfair Store

The Ministry of Agriculture’s Price Gouging Task Force continues to monitor store prices across the
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Barbados PM Calls for an End to Caribbean Financial Pariah

The Prime Minister of Barbados, Mia Mottley, has called on international agencies to quit treating
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Belize Disputes European Union’s Non-Compliance Claim, Calls Decision Unjust

According to the European Union, Belize has failed to be fully compliant when it comes
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Mark Lizarraga’s Participation in NEAC Appeal Tribunal Sparks Controversy

Will Mark Lizarraga concede to the Ashcroft Alliance and recuse himself from NEAC appeal’s tribunal?
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Government Seeks to Streamline Trade License System for Municipalities

The Government of Belize is looking to streamline the trade licenses system that will bring
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Belize Gains Access to South Korean Economic Development Fund for

Belize has officially gained access to the South Korean Economic Development Corporation Fund. In August,
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Belize Seeks Climate Resilience Funding Amid Rising Borrowing Costs

While the country needs significant sums of money to become more climate resilient, borrowing it
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Belize Secures $77 Million Loan from Saudi Arabia for 60-Megawatt

And to aid the country’s growing need for energy, the government has sought funding from
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Belize Government Seeks Transparency in Public Expenditure Analysis

How much of the people’s money has the government spent over the past ten years?
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PM Briceno Proposes Municipal Securities Bill for City Councils

Prime Minister John Briceno presented a Municipal Securities Bill in the House today that would
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Belize Set to Sign Five-Year Compact Agreement with Millennium Challenge

The Government of Belize and the Millennium Challenge Corporation (MCC) are expected to sign a
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Balancing Economic Growth and Conservation Amid Climate Financing Demands

On the backdrop of the recently signed agreements between US Capital Energy and several southern
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Middle East Violence Claims Lives, Sparks Global Concerns

The violent deaths and attacks continue today in the Middle East.  The latest update indicate
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Belize Government Loses $30 Million in Fuel Tax Revenue

Thirty million dollars: that’s how much the government lost on fuel taxes in its previous
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Belize Advocates for World Bank’s International Development Association Membership

Belize is lobbying to become a member of the World Bank’s International Development Association (IDA).
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Belize Among Fastest-Growing Economies in Caribbean, Says Minister of State

Statistics from the region has dubbed Belize one of the fastest growing economies in the
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Belize Chamber of Commerce Expands Membership Options for Smaller Businesses

The Belize Chamber of Commerce and Industry is continuing to expand its membership by making
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Government Commits to Regular Meetings with Belize Chamber of Commerce

The government has recommitted to meeting regularly with the Belize Chamber of Commerce and Industry
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Sugar Shortage Concerns Addressed by Belize Sugar Industries

If you’ve been having a hard time finding sugar on the shelves, you’re not alone.
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CWU Accuses Port of Belize of Bad Faith in Stevedores’

The Christian Workers Union (CWU) believes that its stevedores are being jilted and is sounding
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Hol Chan Marine Reserve Educates Fishermen on Conch Season Regulations

As the sun-kissed shores of San Pedro Town beckon the beginning of an exciting conch
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DFC Marks 60th Anniversary with Plans to Transform into a

The Development Finance Corporation is celebrating its 60th anniversary.  It is the norm that such
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SIB Reveals Strong GDP Growth in Q2 2022 Despite Agriculture

The Statistical Institute of Belize (SIB) held its fourth press conference for this year to
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Belize’s GDP Growth Slows to 2.6% in Q2 2023, Prime

According to the SIB, the GDP growth for the second quarter of 2023 was 2.6%,
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Inflation Rate Reaches 4.5%: Belizeans Feel the Pinch of Rising

Since the year began, the country has experienced an inflation rate of 4.5% with the
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Prime Minister speaks on loan access hurdles

At the last Central Bank Press Conference, the Governor explained that there is liquidity at
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DFC Celebrates 60 Year Anniversary

60 years of existence is quite a milestone for the Development Finance Corporation (DFC).  Today
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Belize’s Imports Rise While Exports Decline, According to SIB

The SIB says that the country’s imports are up, but its overall exports are down.
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Belize Seeks to Boost Exports Through Trade Agreements with Neighbors

And while domestic exports are down for the third quarter of this year, the government
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Heritage Bank Limited Clarifies Misleading Reports on Share Sale

Curiosity and concerns ran high last night when the possible sale of Heritage Bank Limited
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Heritage Bank Limited Considers Offers for Potential Sale

Heritage Bank Limited (HBL) is entertaining offers from potential buyers.  The news comes eight years
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Over 11,000 Attend Expo Belize Market Place 2023

Over eleven thousand people attended the Expo Belize Market Place 2023. That’s the latest update
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Recap of 2023 Belize Market Expo: A Highlight of September

Over the weekend, one of the biggest events on the September Celebrations calendar, the 2023
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Belize Government Announces Decrease in Butane Prices

The Government of Belize has announced another decrease in butane prices.  A release from the
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Central Bank Governor Discusses Belize’s Foreign Exchange Situation

Foreign Exchange is an important part of any country’s economy.  Foreign exchange is affected by
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German Investors Eye $50 Million Waste-to-Energy Project in San Pedro

German investors are in Belize, and are looking to inject some fifty million dollars in
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Central Bank of Belize to Ease Consumer Bank Fees in

The Central Bank of Belize is looking to streamline the bank fees that consumers are
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Belize Grapples with Loan Repayment Challenges Amidst Pandemic

The Covid-19 era in Belize saw banks grant moratoriums on loan payments due to loss
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Central Bank of Belize Addresses Credit Card Fee Concerns

For the first time in recent history, the Central Bank of Belize hosted a press
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Central Bank of Belize Makes Another Push for Credit Score

In many countries around the world, credit scores are kept on every one of its
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Central Bank’s Intervention and Changes at Saint Francis Xavier Credit

The Saint Francis Xavier Credit Union has been under scrutiny of the Central Bank of
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Central Bank Governor Discusses Credit Union Act Amendments

As it relates to credit unions, on a whole, the Central Bank Governor also indicated
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Opposition Slams Belize Investment Summit as Expensive Talk Show

The United Democratic Party is calling the Belize Investment Summit an expensive talk show. Today,
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