How Petrocaribe Works

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By Charles Leslie Jr.

charles-leslie-jrThis is how Petrocaribe works. The government gets the physical money from you, Belizeans, when you go to the pump. They don’t actually get cash from Venezuela, they get the fuel from Venezuela, then they only pay half now, so the other half is then used as the loan money to “roll it.”

The reason prices at the pumps are going up is because GOB need more influx of cash, so they tax us at the pump, give us back our money how they please, and many jump for joy.

The synthesis would be most beneficial if they actually lowered the gas prices, especially since it is going into the tourism slow season, which would spark economic activity, increase investment and also lower cost of living. That would be more beneficial and more equitable.  The notion of “politics is about winning elections” is the unfortunate antithesis to equitability in Belize.

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