Notice is hereby given, pursuant to the Social Security Act, Chapter 44 of the Laws of Belize, Revised Edition 2003,that the Investment Committee of the Social Security Board,as per its Investment Framework Section 49, has recommended to the Board of Directors the approval of the sum of $14,912,339 (Fourteen Million Nine Hundred Twelve Thousand Three Hundred Thirty Nine Dollars)to Nature Fresh Belize Ltd for the buyout of the assets of Fresh Catch Belize Ltd and provide operating capital.
Amount : $14,912,339
Term: 10 years
Interest rate: 8% on the reducing balance
The objectives of the investment are to grow the Fund by maximizing the total rate of return within prudent and acceptable levels of risk and liquidity, to finance economic activity in the productive and export sectors and to secure the economic well-being of all contributors to the Fund.
Members of the public wishing to express any concern may send a copy of this notice along with comments to:
Chief Executive Officer
Social Security Board
P.O. Box 18
Belmopan, Cayo District