Social Security Board Expects Lucrative Returns After Investing $20 Million in Belize Water Services Limited
The Social Security Board (SSB) is expecting a handsome return on investments after injecting twenty million dollars into Belize Water Services Limited. The statutory body plans to purchase stocks in BWSL for a term of ten (10) years with a coupon rate of 4.5 percent per annum. According to SSB’s CEO, Deborah Ruiz, the plan is to assist in nation-building while carrying its mandate to invest on behalf of contributors. Ruiz explained today that the undertaking has met all investment principles and is expected to be very beneficial.