Central Bank


The truth of why Europe wants Greece to suffer

Another reason why Belize should be paying attention to what is going on in Greece and start to make changes before we get to the same place. The truth about the never-ending financial crisis & the cult of extreme austerity Greece’s financial nightmare has lasted five years now. There’s no sign of real relief—for a very specific reason   For someone who writes about economics, the situation in Greece offers two enticing elements: the ability to spin out moments of high drama, and the probability it will endlessly repeat forever. We’ve experienced five years (really, here’s one of my first […]


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 […]


Fiancial Collapse looming ahead?

Central Banks all over are scurrying to buy up as much gold as they can. Several stories are breaking around the planet on this. Keep your eye on the prize people. Senator Ron Paul has been warning us for some time, but did we listen? Ron Paul Statement on Bernanke Hearing SPRINGFIELD, Virginia– Ron Paul, Campaign for Liberty Chairman, and former Chairman of the House Financial Services Subcommittee on Monetary Policy issued the following statement today regarding Federal Reserve Chairman Ben Bernanke’s testimony before the House Committee on Financial Services: “While I certainly don’t miss Congress, where politicians are constantly […]


Belize Unable to Meet Coupon Payment 3

GOVERNMENT OF BELIZE Ministry of Finance Belmopan, Belize     PRESS RELEASE                      FOR IMMEDIATE RELEASE August 14, 2012 Belize Unable to Meet Coupon Payment   Belmopan, Belize:  The Government of Belize announced today that it is unable to make an August 20, 2012 coupon payment on the country’s U.S. Dollar Step-Up Bonds Due 2029. Belize has already commenced discussions with the holders of this bond regarding a consensual restructuring of the instrument. “The Step-Up Bond alone represents approximately one-half of Belize’s total recorded public indebtedness”, said Dean Barrow, Prime Minister of Belize and Minister of Finance and Economic Development. “The […]


PM Barrow & Ashcroft Getting Ready To "Kumbaya"? 1

posted (May 14, 2012) on 7NewsBelize   On Friday night, the Belize Bank celebrated its 25th Anniversary – and the man who owned the bank for much of those 25 years, Michael Ashcroft jetted in for the event. It’s noteworthy because his acolytes say that Ashcroft has not visited Belize for three years, since BTL was nationalized. And he kept his distance because of a very cold, bitter and protracted war between the Ashcroft Alliance and the Barrow Administration. But on Friday night – relations seemed to be thawing. Not only was Ashcroft in town, but the featured speaker at […]