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March 30, 2020

Belize Bank updates on Ashcroft COVID-19 fund

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Posted: Monday, March 30, 2020. 12:51 pm CST.

By Aaron Humes: The Belize Bank Limited, on behalf of Lord Michael Ashcroft, says it is putting the $10 million donation he made last week to good use.

Some of it has already been handed to the Ministry of Health for its purchases in the COVID-19 fight, and the majority is designated for purposes of acquiring medical supplies and personal protective equipment (PPE).

But a $1 million sub-fund has been established for the support of small, micro and medium business enterprises, and the fund’s managers also propose to assist non-governmental organizations and charitable organizations to provide food and supplies to the jobless and those most vulnerable.

The money, deposited in an account at the bank (No. 134872010420021), is being managed by a four-person committee including Lord Ashcroft and three of the Bank’s top executives – Lyndon Guisseppi, Executive Chair; Dr. Ydahlia Metzgen, non-executive director; and CFO Michael Coye.

Lord Ashcroft in the statement made a public call for more contributions, stating that COVID-19 “does not discriminate” and that it is essential that help gets to the health sector, the unemployed and business owners so that the economy can recover.

The Bank has separately issued its own measures for customers.

You can contribute personally at the Bank’s Northside office at the Matalon Business Center, Coney Drive; and by international wire transfer through Citibank in New York City or Crown Agents Bank in London, care of the Belize Bank Limited at 60 Market Square. For further information visit www.belizebank.com

 

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