Central Bank of Belize

Shadow players: ecotourism development, corruption and state politics in Belize

As published: Third World Quarterly, Vol 21, No 3, pp 549–565, 2000 by Rosaleen Duffy Rosaleen Duffy is at the Department of Politics and International Relations, Lancaster University, Lancaster LA1 4YL, UK. Abstract This article examines the way that developing societies have been increasingly incorporated into global networks, and the effect that this has had on the states themselves. The notion of a shadow state is used here to inform the ways that the state has been modified by the global networks represented by ecotourism development on the one hand and drug trafficking (and associated offshore banking sectors) on the […]

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 […]

Belize Political Assessment

Originally Released on 2013-02-13 00:00 GMT The Government of Belize (GOB) welcomes Foreign Direct Investment (FDI) although the investment climate has cooled over the past year. There is a number of disputes between U.S. and other foreign investors and various GOB agencies as well as new legislation that hampers the ability of investors to seek arbitration to resolve disputes. (DOS) The Belize Trade and Investment Development Service (BELTRAIDE) was established to serve as a one-stop-shop for export and investment assistance but bureaucratic red tape may still be encountered when seeking government fiscal incentives. (DOS) Government investment incentives include: Fiscal Incentives […]


Reference ID Created Released Classification Origin 09BELMOPAN229 2009-06-11 20:53 2011-08-30 01:44 UNCLASSIFIED Embassy Belmopan VZCZCXYZ0000 RR RUEHWEB DE RUEHBE #0229 1622053 ZNR UUUUU ZZH R 112053Z JUN 09 FM AMEMBASSY BELMOPAN TO RUEHC/SECSTATE WASHDC 1873 INFO RUEHAK/AMEMBASSY ANKARA 0001 RUEHPE/AMEMBASSY LIMA 0004 UNCLAS BELMOPAN 000229 SIPDIS FOR WHA/CEN – JENNIFER VAN TRUMP E.O. 12958: N/A TAGS: SNAR EFIN EINV BH SUBJECT: BELIZE’S MONEY-GRAM MONEY LAUNDERING INVESTIGATIONS ¶1. Recent GOB investigations into money laundering operations conducted through a MoneyGram sub-agency in Belize have revealed identity theft through the fraudulent use of the Belize City Council’s drivers license database during the period […]