Ministry of Finance and Economic Development

Articles relating to Corruption in the Ministry of Finance and Economic Development


Want to know the future of Belize? See Greece

Pay attention to what’s happening in Greece. We’ve posted about this before and things di geh dread as we say in Belize. Greece is slowly being led to slaughter house and Belize is going to the same place, Greece is at the door, Belize is making it’s way down the chute. Greece’s economy will be locked down with capital controls if it can’t find a deal by the weekend European governments are ready to push for capital controls in Greece would mean a severe lockdown on flows of cash … strict limits on the amount that could be withdrawn from […]


PetroCaribe Loans Act 2015 2

BILL for AN ACT to make special provisions for borrowing money from Alba Petrocaribe (Belize Energy) Limited; and to provide for matters connected therewith or incidental thereto. (Gazetted ………………., 2015). WHEREAS: (a) in June 2005, the Republic of Venezuela and several Caribbean countries (including Belize) entered into an Energy Cooperation Agreement providing for the establishment of PETROCARIBE; (b) in furtherance of the said Energy Cooperation Agreement, Venezuela and Belize entered into a bilateral Energy Cooperation Agreement in September 2005; (c) pursuant to Article 1 of the said bilateral Energy Cooperation Agreement, Venezuela agreed to supply to Belize crude oil, refined […]


Jim Can wanted in Belize tax scheme linked to Calgary kidnapping

By Timothy Sawa, CBC News Posted: Oct 09, 2014 5:00 AM ET The Canadian businessman wanted as part of a giant U.S. investigation involving stock fraud, tax evasion and money laundering in Belize says in an email to CBC News that he wants to tell his “full true story … that will shock the world.” Jim Can has a controversial past in Canada, including allegations he was involved in the kidnapping of a Calgary businessman who was held at gunpoint by two associates of the Hells Angels, CBC News reported Thursday. Can faces several charges in the U.S. following a two-year undercover investigation by the […]


Environment and development in coastal regions and in small islands

ENVIRONMENTAL IMPACT OF URBAN AND INDUSTRIAL DEVELOPMENT A case history: Cancún, Quintana Roo, Mexico By Peter V. Wiese, retired exploration geologist Executive Summary Before its development, Cancún Island was a barrier island, 17 km long and 100-400 m wide. It faced the Caribbean Sea and enclosed a shallow lagoon and was an important nesting site for seabirds and sea turtles. There were several openings to the mangrove lined lagoon in which there was a variety of marine life. In order to create a tax base for the newly created state of Quintana Roo (1973), it was decided to create an […]


NTUCB remains strong against BSI ASR BSCFA – Press Release

National Trade Union Congress of Belize expresses refusal to buckle to name calling re-affirmation their support for the BSCFA and a plea to BSCFA members to remain united. Press Release (For Immediate Release) January 08, 2015 The National Trade Union Congress of Belize; makes an impassioned plea to the members of the Belize Sugar Cane Farmers Association, to remain united. There is no way you can come through on the most beneficial end of this matter; if you now fall prey to the plot that has been skillfully weaved and orchestrated to break you up. Whilst this Congress is being […]


ROC on BSI ASR BSCFA – Press Release

December 29, 2014 Press Release (For Immediate Release) The Rod of Correction (ROC) has been following with much concern, the developments that have been taking place regarding the start of the sugar cane crop for the Belize Sugar Industry (BSI) and Belize Sugar Cane Farmers Association (BSCFA). What has been become abundantly clear to ROC is the observation that it is definitively possible for the sugar cane delivery season to be declared open, even in the absence of a signed agreement. This, the Rod of Correction would like to encourage the cane farmers of the north to take heed to. […]


NTUCB on BSI ASR BSCFA – Press Release

Press Release (For Immediate Release) December 19, 2014 ASR/BSI CANNOT BE TRUSTED AS THEY KEEP MOVING THE GOAL POST! The National Trade Union Congress of Belize denounces the conduct of ASR/BSI in their seeking to change the terms of the previously settled agreement without going back to the cane-farmers; having already conceded to the oppressive and unfair terms pushed by ASR/BSI with the intervention of no less than the Prime Minister and Deputy Prime Minister. The latest blatant attempt by ASR/BSI to undermine the cane farmers comes in the form of them now not wanting the legally established Sugar industry […]


Belize Pay Scale as of 2009

Belize Draft Estimates of Revenue and Expenditure for fiscal year 2009/10: APPENDIX D NEW PAY SCALE 1 6816 x 456 – $15,480 Job Title:- Caretaker/Office Assistant (Educ) Domestic Helper(Hum. Dev/Fire) Janitor (I/Tax – Bmp) Office Assistant Records Clerk Records Keeper(I/Tax/Treasury) Records Room Attendant Teacher (B.N.S.E.) Messenger/Copist NEW PAY SCALE 2 8244 x 504 – $17,820 Job Title:- Accounts Clerk (Police) Apprentice Dispenser Attendant (Male/Female) Caretaker Caretaker/Orderly (G.G) Caretaker/Janitor Caretaker/Office Assistant Cook Dietary Aide (KHMH) Dietary Porter (KHMH) Domestic Auxillary (Health) Farm Attendant Ferryman First Teacher Food Stores Porter (KHMH) Gate Porter KHMH) General Helper Handyman Incenerator Operator (KHMH) Janitor Janitor/Caretaker […]


UnHappy Birthday Belize

I wanted to wait for the festivities to simmer down before I put my thoughts out to my fellow Belizeans. I do not know how you will receive my speech or how it will be scrutinized, but these are my heartfelt convictions. I heard some of the speeches and for the most part heard a lot of pretty flowers, shiny gems and smelt nice perfume that all masked the reality that our nation faces today, 33 years and a couple days old. I won’t go into the pretties too much, you know that is not me. My idea is to […]


BELIZE – Home Mortgage Crisis Costing Billions

By: Richard Harrison On October 10, 2008, the leading newspaper in Belize, the Amandala, wrote “The Central Bank of Belize’s new Governor, Glen Ysaguirre, told Amandala this morning that “we are pretty much safe,” referring to Belize’s financial situation.” This was in response to a question regarding the effects the financial crisis in the USA could be expected to have on Belize…and in the wake of the US$700 billion bail-out package and the cutting of the Federal Reserve interest rate which took place that week. On June 24, 2009, our Prime Minister addressed the UN General Assembly representing Belize and […]