Diaspora


How America plans to pay for their wall

This controversial issue is being discussed by just about everyone but nobody actually discusses the actual funding of it. It seems as per this bill that it will be paid by many countries.Basically, brace yourself because remittances will be slowing or stopping for a lot of countries and people including Belize. The Bill: This Act may be cited as the “Border Wall Funding Act of 2017”. Introduced in House (03/30/2017) [Congressional Bills 115th Congress] [From the U.S. Government Publishing Office] [H.R. 1813 Introduced in House (IH)] 115th CONGRESS 1st Session H. R. 1813 To amend the Electronic Fund Transfer Act […]


The hidden force in global economics: sending money home

Last year there was huge debates about what Belizeans in the Diaspora do for the motherland and the people there. Someone asked in a Belizean newspaper “What have you done for me lately?” others pointed to other things, but mostly the concept was insinuating that the Diaspora doesn’t do much for the nation. There was one ignorant fellow that made the remark in public forum that: In 2013, the Central Bank of Belize reported that remittances were $72.2 million or about 2.23% of our gross domestic product (GDP). Economists will tell you that any activity generating 2.23% of GDP is […]