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March 11, 2023

St Francis Xavier Credit Union gets Central Bank-appointed administrator

By Aaron Humes: Citing "critical deficiencies in governance and risk management practices, as well as material weaknesses in internal controls that could destabilize the credit union," [...]
March 10, 2023

Budget Speech: Government spent $71 million more than expected in 2022-2023

“89 percent is tax revenue, eight percent is non-tax revenue, and three percent is capital revenue and grants. Actual revenue and grants exceeded the originally budgeted [...]
March 10, 2023

Budget Speech: “Belize is doing so much better since before we took office,” says P.M.

More Belizeans are currently working – the unemployment rate is just five percent – and they are being paid more with the 51 percent rise in [...]
March 8, 2023

The University of Belize, National Bank to collaborate on financial education and business opportunities

A memorandum of understanding was signed in Belmopan today by University President Dr Vincent Palacio and General Manager of the Bank, Alvaro Alamina.
February 17, 2023

Floralia Limited had import and excise duty waiver; how will other operators respond to upgrade ultimatum?

We were unable to speak to the owner and co-founder of Floralia Marvin Vanzie on Thursday as he was out of the office when we called, [...]
February 16, 2023

World Bank seeks information on vulnerable communities in Belize City

The Bank’s country manager Federico Baechli and regional security specialist Keisha Gebre were joined by Dr. Richard Rosado, Deputy Commissioner of Police; Government Information Consultant Geovannie [...]
February 10, 2023

Junior Finance Minister details Government borrowing, hailing reduction

He reminded that domestic borrowing rose from $350 million to $1.3 billion between 2008 and 2021, as a result of lifting limits on bonds and treasury [...]
February 10, 2023

Senate meets in Belmopan; loan motions to support economy passed

The motions are the Trade and Investment Facilitation Program for Belize – US$8 Million Loan Motion, 2023; Program for Digital Innovation to Boost Economic Development in [...]