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Government reassures on loan forbearance for teachers and public officers

Posted: Thursday, July 8, 2021. 2:58 pm CST.

By Aaron Humes: The Government has had to reassure teachers and public officers that banks and financial institutions must continue to forbear on loans as a result of the ten percent salary cut instituted in June, until the end of 2021.

Senator Elena Smith, president of the Belize National Teachers’ Union (BNTU), delivered the news coming straight out of a meeting with fellow Senator Christopher Coye, the Minister of State for Finance, Economic Development and Investment, following a Senate meeting on Wednesday.

According to Smith, teachers have been told by at least one bank that they have not been informed that the Central Bank wanted them to continue their forbearance, but a letter had been sent to that effect in April even while industrial action was ongoing.

The bottom line is that the banks will be reminded again not to foreclose on homes and other properties for the public servants subject to the salary cut.

Smith also informed that teachers are expected to benefit from a data package provided by Belize Telemedia Limited for use in preparing classroom lessons, likely at the start of the new school year.

A list of benefiting teachers will be submitted to the Government for transference to Telemedia to begin the implementation of this promise.

Other proposed reforms and anti-corruption legislation will be the subject of a new Social Partner Committee, which is expected to meet starting next week.

 

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