Yesterday, the Government of Belize met with social partners to assess the country’s economic performance over the past few months. The meeting was one that the current administration had committed to after the several austerity measures were taken including salary cuts and increment freezes. According to the Minister of Education, Francis Fonseca who participated in the meeting, the outcome was rather fruitful.
Francis Fonseca, Minister of Education: “Well I think we’ve come a long way in one year. Even I and those of us involved in the work of government at the Cabinet level have been surprised at the growth that we’re seeing. You know we came into government as you all know faced with many different crises and the economy was on life support. We’re no longer on life support but we’re still not out of the hospital if you’d like to use a health analogy. We’re no longer on the ventilator but we’re still in the hospital and the economy still needs treatment, it still needs a lot of work. But I think there is hope, the signs are very encouraging as you all know agriculture has rebounded significantly, tourism is on the rise much faster than we thought it would be, those are very good signs for the rebounding of the economy.”