Posted: Tuesday, September 21, 2021. 12:11 pm CST.
By Aaron Humes: Prime Minister John Briceño says Belize is on its way back with our usual mainstays, agriculture and tourism, leading the way.
Cattle has joined the established triumvirate of sugar, banana and citrus as a valued export; tourism is welcoming back visitors to Belize and there has been work in the infrastructure sector with miles of roads replaced and repaired and new bridges constructed.
The Government has reduced expenditure, unfortunately including salary cuts, but we are for now in the black, not the red, and if it holds, the teachers and public officers will get their monies back, Briceño said.
The Superbond, “this noose hanging round our neck,” is hopefully on its way out if the latest offer to bondholders, accepted by a majority thus far, reaches 75 percent. The Government is working on reducing other government debt and has reached agreement with Taiwan to reschedule ten loans of more than $200 million for three years, while foreign reserves are back to their 2015 levels, before the payment to the former owners of Belize Telemedia Limited, and avoiding devaluation.
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