Belize City: Monday 25th May 2026: The latest regional economic outlook coming out of the Inter-American Development Bank and the World Bank is actually sounding a warning siren for Latin America and the Caribbean — including Belize. The central message is blunt: the region cannot continue surviving on low productivity, imports, debt dependence, raw commodity exports, tourism dependency, and weak industrial capacity while expecting meaningful transformation.

Belize City: Monday, 25 May 2026:

Belize’s Economy Is Being Squeezed by an Outdated Tax System

Belize is slowly suffocating under a taxation structure that was never designed to create a modern productive economy.

It was designed to maintain revenue collection for a small state operating under the old mentality of colonial dependency — an economy dependent on imports, consumption taxes, duties, licenses, permits, fees, and indirect extraction from an already financially exhausted population.