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PM Briceno in New Year’s Speech: Port buyback a “Game-Changer” for Belize’s economic future

Port of Belize

Posted: Sunday, December 31, 2023. 6:46 am CST.

By Horace Palacio: In his New Year’s address to the nation, Prime Minister John Briceno spotlighted the government’s landmark decision to buy back the Port of Belize, emphasizing its potential to boost economic competitiveness and establish Belize as a regional logistics hub.

He underscored the significance of its public ownership, highlighting its power to drive growth, improve labor relations, and strengthen Belize’s trade position.

Briceno conveyed the government’s vision for the Port, with a new board set to collaborate in 2024 on a comprehensive transformation. This initiative aligns with the broader economic strategy to enhance Belize’s global competitiveness and foster a thriving business environment.

The buyback, as he articulated, is more than just a change in ownership; it’s a proactive step towards securing Belize’s economic future. Capitalizing on this asset, the government aims to create new trade and investment opportunities, ultimately contributing to national prosperity.

Looking ahead, Briceno expressed optimism about the Port’s transformative impact on the economy. This initiative, part of the government’s visionary agenda, is set to mark a significant milestone in Belize’s development journey and regional leadership.

Reiterating his administration’s commitment, Briceno concluded his address by expressing gratitude for the Belizean people’s support and blessings. He ended with a forward-looking message: “The transformation of the Port of Belize is poised to elevate Belize and its citizens to new heights of achievement and prosperity in the coming year. Happy New Year to all Belizeans. Long live Belize!”


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