Economy

"Nationalizing Port of Belize: Deputy Prime Minister's Proposal Sparks Debate over Private Investment and Foreign Investor Confidence"

By: Omar Silva, NP Staff Writer

Belize City: Thursday 25th May 2023

Cordel Hyde, the Deputy Prime Minister of Belize, has expressed his opinion that the government should consider nationalizing the Port of Belize. He believes, like many Belizeans, that returning the port to the people of Belize would restore civility, decency, and modernity to its operations. According to Hyde, there have been no significant improvements at the port, and the ongoing disputes and animosity between the port's owners and the stevedores need to be addressed.

“Reduction in public debt celebrated by Belize government, but amount paid and remaining balance undisclosed.”

By: Omar Silva, NP Staff Writer

Belize City, Tuesday:14th March 2023

The current administration led by Prime Minister John Briceño is celebrating a significant achievement in reducing the country's public debt. According to Briceño, the public debt has decreased from 133% of GDP to 64% of GDP since he took office. The Prime Minister called this achievement historic.

The I.M.F. Article IV Mission to Belize Issued its Concluding Statements

The Article IV consultation is a regular review conducted by the International Monetary Fund (IMF) of its member countries' economic and financial policies. The consultation aims to assess the country's economic health, identify potential risks, and provide policy recommendations to help the country maintain economic stability and achieve sustainable economic growth.