Tag:
ministry of finance
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.
Environment
The GCF Approves Grant for a National Adaptation Planning Proposal for Belize
The Ministry of Finance, Economic Development and Investment, Belize’s National Designated Authority (NDA) to the Green Climate Fund (GCF), is pleased to announce the GCF’s approval of the National Adaptation Planning Proposal “Enhancing Adaptation Planning and Increasing Climate Resilience in the Coastal Zone and Fisheries Sector in Belize.”
Government
Finance Officers Complete Workshop
A three-day workshop for finance officers in the public service concluded on June 6th, 2020. Sixty-nine officers participated in the event.
