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Belize delegation discusses cross-border payment systems with Banco de Mexico officials

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Posted: Tuesday, September 28, 2021. 1:46 pm CST.

By Rubén Morales Iglesias: A Belize Delegation met with officials of the Banco de México on Tuesday to discuss payment systems and banking relations between Belize and Mexico to support trade and investment with Mexico.

As part of the State Visit to Mexico led by Prime Minister John Briceño, Minister of State in the Ministry of Finance, Investment and Economic Development Christopher Coye; Chief Executive Officer in the Office of the Prime Minister Narda Garcia; and Ambassador to Mexico Oscar Arnold participated in the meeting with the Banco de México officials.

The meeting concentrated on a cross-border payment system as well as forms of electronic currency that would ease the need for hard US currency to pay for goods being traded between Belize and Mexico. In an exclusive interview with Breaking Belize News (BBN), CEO Narda Garcia noted that “the Belize delegation is happy with the outcome of the meeting” and that both countries “agreed to implement a working group of professionals to develop recommendations for government leaders to consider for implementation”.

The State Visit got underway yesterday and runs for the entire week.

“The Prime Minister will hold discussions on a partial scope trade agreement with Mexico,” said a press release from the Government of Belize Press Office on Monday. “Other discussions will focus on areas of education, infrastructure, agriculture, arts and culture.”

Belize and Mexico are also holding several other high-level meetings on the development of families, business and enterprise, and tourism, among other topics.

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