Tag:
ministry of finance
Community and Society
Site Inspection of San Pedro/Caye Caulker General Hospital Shows Progress
On Wednesday, July 23rd, Area Representative Honorable Andre Perez and officials from the Ministries of Health and Wellness (MOHW) and Finance conducted a site inspection of the San Pedro and Caye Caulker General Hospital project. The visit aimed to assess the progress of the long-anticipated medical facility, which is being constructed to serve residents and visitors of the Cayes. The contractor reported that the project is on schedule and expected to be completed before its April 2027 deadline.
Business & Economy
Belize Launches Sustainable & Inclusive Belize (SAiB) Grants Program for Tourism MSMEs
On July 2nd, at the Angel Nuñez Auditorium, a workshop was held to introduce the launch of the Sustainable & Inclusive Belize (SAiB) Grants Program. SaiB is a government initiative aimed at empowering micro, small, and medium-sized enterprises (MSMEs) in the tourism value chain. The program, executed by the Ministry of Finance, the Ministry of Tourism and Diaspora Relations, and the Belize Tourism Board (BTB), aims to foster income growth, sustainability, and climate resilience across the country’s vibrant tourism landscape.
Business & Economy
Belize actively seeking investments to support economic growth
During the annual meetings of the International Monetary Fund (IMF) and the World Bank in Washington, D.C., this October, Belize's delegation was led by the Honorable Christopher Coye, Minister of State in the Ministry of Finance. The Belizean delegation is anticipating closing a loan with the World Bank to finance renewable energy projects. This initiative is part of a broader plan to attract new investments to Belize and take advantage of trends such as nearshoring. International financial institutions in Belize, like Caye International Bank (CIB), believe the country has the potential to become a trade finance hub due to its strategic location in Central America.
Business & Economy
Ministry of the Blue Economy and Civil Aviation leading project to make Belize an air cargo hub
The Ministry of the Blue Economy and Civil Aviation (MBECA) is working on a long-term project to create an air cargo hub in Belize. This initiative is led by MBECA’s Minister, the Honourable Andre Perez, who, along with the Ministry of Tourism and Diaspora and Finance, will develop a roadmap within the next four weeks. This project aims to create another potential industry, create thousands of jobs and turn Belize into an important and strategic destination for the aviation industry.
Government
Launch of the Online Payment System (E-KYASH) for Temporary Employment Permit (TEP) Application
On June 09, 2022, the Ministry of Rural Transformation, Community Development, Labour and Local Government, in partnership with the E-Governance and Digitalization Unit, the Ministry of Finance, and the Belize Bank Limited, launched an online payment system for Temporary Employment Permit Applications via the Belize Bank Limited E-kyash platform.
Government
Fuel Price Update
The most recent shipment of diesel received this week brought with it a further increase in acquisition costs. However, to maintain the pump price at the current level, the government reduced all levies on diesel by 76 cents per gallon. This is in addition to an earlier reduction in taxes of $1.17 that took effect on March 12, 2022. Thus, the total reduction in taxes on diesel this month now stands at $1.93 per gallon.
Government
Government of Belize provides Fuel Price Update
The Ministry of Finance announces that effective today, March 24, 2022, the regulated pump price of regular gasoline is now prescribed at $13.50, representing an increase of 66 cents compared to the last shipment Belize received. Not only is this increase entirely attributable to the acquisition costs of the product but in order for the price to be kept at this level, the Government reduced all levies on regular fuel by 29 cents.
Government
European Union Supports Modernisation of Ministry of Finance with New IT – Equipment
To support the modernisation of the Ministry of Finance, Mr. Aniceto Rodriguez, Head of Cooperation of the European Union (EU) to Belize, Jamaica and the Bahamas, handed over to Mr. Joseph Waight, Financial Secretary, new information technology (IT) equipment for the ministry.
