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Prime Minister says banks should make more funding available to Belizeans

Posted: Thursday, September 28, 2023. 9:56 am CST.

By Zoila Palma Gonzalez: Prime Minister John Briceño says that banks could “loosen up” and provide more funding to Belizeans.

Recently, the Central Bank of Belize noted that there is excess liquidity in Belize’s financial system.

However, it is concentrated in 1 local bank.

And the Prime Minister says that Belizeans want to invest but need funding.

“I wish there would be bit more, would be able loosen up a bit more to make funding more available and quicker to our citizens as there is a lot of needs, a lot of people wants to invest, a lot of people want to own their homes. But, we need to find ways how we can do that,” he said.

Through mortgage loans, several Belizeans are able to purchase and secure their own homes.

In addition, atleast 1 commercial bank is also promoting loans tailored at MSMEs.



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