Posted: Tuesday, December 15, 2020. 12:28 pm CST.
By BBN Staff: Today, the Office of the Prime Minister (OPM) announced that an Economic Recovery Advisory Team (ERAT) has been established with the goal of submitting recommendations and strategies to the Prime Minister and Minister of Finance for urgent consideration and action.
The 14-member multi-sectoral body is chaired by Christopher Coye, representing the Ministry of Finance, and co-chaired by Sean Feinstein representing the tourism sector. The other members include Gilbert Canton Jr., representing the Agro-Productive Sector; Reynaldo Magaña, International Financial Services Sector; Dr. Henry Canton, Traditional Commodities; Sandra Bedran, Banking Services; Michael Bowen, Manufacturing; Nubia Ramirez, Business Process Outsourcing (BPO); Dr. Victor Rosado, Health Services; Narda Garcia, Office of the Prime Minister; Katherine Meighan, Small Business; Corrine Robinson-Fuller, Credit Unions; and Mandela Wade, National Trade Union Congress of Belize.
“The group will make recommendations to engineer sustainable economic activity, protect and create jobs and successfully emerge from the current economic crisis stemming from the 2019 UDP administration recession, the COVID-19 pandemic, weather-related shocks, and the resulting collapse of the tourism and other sectors of the economy,” the OPM said.
The OPM noted that decision to assemble the ERAT was taken at a Cabinet meeting on December 8.
When Prime Minister John Briceno assumed office in November, his first message to the nation addressed the country’s abysmal financial situation including the Debt to GDP ratio which stands at 139.2 percent.
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