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May 6, 2021 John Briceño There are questions tonight about Belize’s homegrown economic recovery plan after Reuters news agency is reporting that creditors have been urging Belize to agree to an I.M.F. program, and Belize is accusing its bond holders of cancelling a zoom call. When asked for comment today, Minister of State in the Ministry of Finance Chris Coye told news five he was out of the country, but believed the Prime Minister would be addressing the matter soon. The Briceño administration which took office in November 2020, is attempting to restructure its external debt ob...

Apr 21, 2021 Lord Michael Ashcroft Lord Michael Ashcroft also spoke about the current economic crunch that Belize is facing. Ashcroft says that the government is staring down a tough decision, but one that must be made sooner rather than later.  He put the challenges in context with the unions’ position on proposed measures to say that there are options to pursue, like the I.M.F., but that will also come with consequences, including the potential for a devaluation of the Belizean dollar. Here’s how he puts it.   Lord Michael Ashcroft “There is no point in running away from th...

“Many look at this project and say do we really need another docking facility?”   Lord Michael Ashcroft “All of these are fair arguments and this is why decisions have to be made. From my personal view, if there is no Waterloo project on one hand there will be a sigh of relief because for me to embark at my age in trying to put together a project of this size is no mean feat but it also important to understand for those who feel a certain animosity towards me personally is that at the end of the day on this project I will only personally have something like twenty or twenty-five percen...

Apr 21, 2021 Lord Ashcroft Speaks on Belize Bank-Scotiabank Merger At the end of March, Scotia Bank closed, ending more than fifty years in Belize as signs were taken down after the bank was acquired by Belize Bank Corporation Limited, a subsidiary of Caribbean Investment Holdings Limited.  Belize Bank is now the largest commercial bank in Belize. When he appeared on Open Your Eyes this morning, Lord Ashcroft talked about what this means for banking in Belize.   Lord Michael Ashcroft “We are having a good look at where the business goes from this particular point but one of the m...

Do you ever remember so much national and global anger, angst, anxiety and apathy? It seems no one is allowed a peaceful discussion anymore on issues of disagreement. Fear seems to be a tool to drive people to some sort of desired action. Law and justice are frowned upon and unrest and violence seems to be the new norm. A person can now lose their job or friends for political views or perceived opinions, even if they are not perceived correctly. The Bible says it best when the Prophet Isaiah warns (5:20-21) “Woe to those who call evil good, and good evil; Who substitute darkness for ligh...