Social Security Board Defends $20 Million Loan Amid Opposition Criticism

Social Security Board Defends $20 Million Loan Amid Opposition Criticism

The Social Security Board (SSB) says that contrary to comments made by Opposition Senator Michael Peyrefitte, its’ 20 million dollar loan to the Development Finance Cooperation is justifiable. During Monday’s special sitting of the Senate, Peyrefitte objected to the loan motion and stated that there was no need for the government to seek funding from the SSB and questioned the viability of the loan given the DFC’s past. Chief Executive Officer of the SSB, Deborah Ruiz, says, however, that the SSB has ensured guardrails were set in place to ensure the loan is repaid. Ruiz also stated that it is a part of the SBB’s mandate to seek loan opportunities. 

The loan motion was ratified in the Senate this past Monday.

Related post

Deputy Mayor Allan Pollard Sparks Controversy with Independence Day Campaign Launch

Deputy Mayor Allan Pollard Sparks Controversy with Independence Day…

Unity and politics, it’s a rare combination when it involves opposing sides.  This proved true on Independence Day 2023.  Despite the…
High Court may resume normal operations come Monday

High Court may resume normal operations come Monday

The Belize Criminal High Court may be back to a full staff come Monday.  By indications from the Financial Secretary, Joseph…
Toledo East Representative Criticizes Belize Territorial Volunteers’ Sarstoon Trip

Toledo East Representative Criticizes Belize Territorial Volunteers’ Sarstoon Trip

Toledo East Area Representative, Mike Espat is not known to appear on the media, but on this rare occasion, it is…

Leave a Reply

Your email address will not be published. Required fields are marked *