Posted: Wednesday, September 4, 2019. 6:46 pm CST.
By BBN Staff: The Cabinet Sub Committee on Investment (CSIC), met in Belmopan today to review “upcoming potential investment projects” that are said to be worth BZ$1 billion.
The CSCI, is comprised of the Minister of Education, Youth and Sports and Culture; the Attorney General and Minister of Legal Affairs; the Minister of National Security; the Minister of Tourism and Civil Aviation; the Minister of Agriculture, Forestry and Fisheries; the Minister of Environment, Sustainable Development and Immigration; the Minister of Natural Resources, and their respective CEOs and other senior Pubic Officers and advisors and chaired by Minister of State with Responsibility for Investment Tracy Taegar-Panton.
“The CSCI, which was established in early 2013, reviews large investment projects and conduct proper assessments and due-diligence to ensure meaningful investments and maximize benefits to the people and Government of Belize,” the Government of Belize said.
The CSIC conducts its assessments using a five-point analysis criteria which considers: social and economical acceptability and legality of the investment; the revenue the investment will bring to GOB; the amount of foreign exchange the investment will bring to GOB; the level of meaningful employment the investment will bring to Belizeans; and the investment’s ability to preserve and or enhance the environment and the country’s cultural integrity.
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