By Zoila Palma: During a session on Open Your Eyes this morning, Lord Michael Ashcroft said that the current administration is in the best position to begin to remedy the defaults of the Belizean economy.
“To every solution there is a problem. Politicians don’t want this, this group doesn’t want that and we can’t do this and we can’t do the other. There is a knot that has to be cut. The Government has a strong mandate that was given in the November elections for the next 4 and half years and it is in the best position to start to remedy the defaults of the Belizean economy and corruption and other issues that is endemic in the Belizean society,” Ashcroft stated.
When asked about the fear of the Belizean dollar being devalued if Belize were to enroll in an IMF program, Ashcroft said that the Belize dollar is overvalued against the US dollar.
Ashcroft says that he thinks that Government needs to do more to attract foreign investors and make it easier for investment to come into the country.