BELIZE’S BLUE BOND and its IMAGE and IMPACT on the REDUCTION of Belize’s PUBLIC DEBT
By: NP EDITOR: Omar Silva
Belize City: Saturday 18th February 2023
NEW STANDARDS OUTLINED FOR PUBLIC TRANSPORT BUSSES
NP Staff Writer
Friday: 17th February 2023
The Ministry of Transport has recently announced new standards for buses that aim to modernize and upgrade public transportation across Belize. The changes will be implemented in a phased approach, with the goal of fully modernizing public ground transportation by the end of 2024.
How Impressive is the reduction of Belize’s Public Debt?
By: NP Staff Writer
Belize City: Saturday: 18th February 2023
Belize Approves Three Loans from Inter-American Development Bank Despite Opposition
The Government of Belize has approved three loan contracts with the Inter-American Development Bank (IDB), a move that was opposed by some senators, who noted that no additional details were annexed to the loan contracts that they were given the opportunity to review. The first loan of $16 million Belize dollars will be used to fund the creation of a Digital Single Investment Window and A Foreign Trade Single Window to improve and facilitate investment in Belize. The second loan of $10 million USD is to provide digitalization across the government and within the private sector, while the third loan of $15 million USD is to fund climate-resilient farming across the country. One senator criticized the trend of excessive borrowing by the current administration, while others supported the loans, saying they were for the right cause.