Tag:
International Monetary Fund
Business & Economy
Government to discontinue 10% salary cut for public officers
Public officers across the country are welcoming the news from the government that they will be receiving back the 10% of their salaries that had been taken away from them by the new administration in the new fiscal year. When the current government headed by Prime Minister John Briceno took office in 2020, they found it necessary to apply the salary cut to help build back the national economy devastated by the COVID-19 pandemic. Although public officers rejected the pay cut, they endured the salary reduction for months. According to PM Briceno, as of July 1st, all public servants will receive their full wage.Â
Business & Economy
Belize Participates in IMF-World Bank Group Annual Meeting
Hon. Christopher Coye, Minister of State in Finance, Economic Development and Investment, and Dr. Osmond Martinez, Chief Executive Officer in the Ministry of Economic...
Community and Society
Government of Belize Comments on International Monetary Fund’s Country Review
Prior to the November 2020 General Elections and thereafter, Prime Minister Hon. John Briceño and officials of this new PUP Administration have repeatedly shone a bright light on the disastrous mismanagement of the economy and public finances by the past UDP Administration. The IMF has now confirmed the grim assessment which Prime Minister Briceño outlined to the House of Representatives and the public during his report of January 8, 2021: that the economy was in a prolonged recession starting well before COVID-19; that the previous government had borrowed some $700 million in the pre-election period of 2019/2020; and that the UDP left behind an economic and fiscal wasteland.
Business & Economy
IMF preliminary report says Belize’s economy is growing
Despite residents voicing their struggles in the current Belizean economy, a report published on Monday, September 24th by the International Monetary Fund (IMF) states that the country’s economy has grown by an estimated 5.4%.
Government
GOB succeeds in restructuring Super Bond
The Government of Belize (GOB) has succeeded in renegotiating their billion dollar Super Bond debt, saving Belize over $600 million dollars.
Government
Belize misses Super Bond
On Monday, February 20th, the Government of Belize (GOB) failed to make a payment of US$13 million or BZ$26 million towards the 2038 Super Bond.
Business & Economy
IMF says Belize’s economic growth is in jeopardy
According to the IMF, Belize is encountering significant vulnerabilities, and reducing public debt should be the country’s first priority.
Business & Economy
IMF Issues Favourable Statement on Belize Economy
Press Release - Belmopan - August 26, 2011 - A favourable statement on Belize was issued this week by the IMF which has just...
