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Doing better business: PM Briceño boasts private sector investments of over five hundred million on the way

Posted: Tuesday, September 21, 2021. 8:58 pm CST.

By Aaron Humes: The key to restoring the national economy is the return of business locally and internationally, and according to Prime Minister and Minister of Finance John Briceño, the outlook has rarely been brighter.

“Just a couple weeks after our official launch our Investment Summit secretariat has received significant interest from local and international investors whose summary profiles suggest an interest in investment projects amounting to a total of 539 million Belize dollars. These projects span a range of sectors from tourism to agri-business and agro-processing to manufacturing and aqua-culture,” the P.M. announced during today’s Independence Day ceremony.

The Investment Summit will be held in early November, focusing on attracting and promoting investment for economic development in Belize.

Briceño said, “Under the theme: “Belize is Open for Business”, this summit is a call to both local and international investors for identifying opportunities and showcasing Belize’s readiness to support global investment through vastly improved service delivery. The Belize Investment Summit will bring together business investors from the four corners of our globe and will highlight industry development, technology and innovation and an improved business climate for safe, secure and sustainable investments.”

And, he added, “Our government has prioritized the economic development of our country by adopting and changing policies to create an environment that is conducive to doing business in Belize.”

He points to progress to enhance private sector access to credit at cheaper rates and recent legislation to significantly improve the ease of doing business in Belize through reducing the cost of starting a business by over 40 percent.

 

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