Economy


Debt – America and the World – Economic collapse

University of Groningen EPISODE 1: Debt, a great invention is the first episode of a video lecture by Dirk Bezemer from the University of Groningen. It covers how debt and money systems developed over the years into the financial system we have today. All modern money is debt created by banks and this system has and can potentially bring us great wealth. EPISODE 2: How bubbles grow is the second episode of a video lecture by Dirk Bezemer from the University of Groningen. It covers how debt and money can be created by banks for both productive and non-productive purposes. […]


Case study of Agricultural Policies in Belize 2

REPORT PREPARED FOR THE CARICOM SECRETARIAT CONSULTING TEAM (CORE): SINGH, R.H. (PH.D.) RANKINE, L.B. (PH.D.) SEEPERSAD, G. (M.SC.) THE DEPARTMENT OF AGRICULTURAL ECONOMICS AND EXTENSION THE UNIVERSITY OF THE WEST INDIES ST. AUGUSTINE, TRINIDAD W.I. DECEMBER 2005 EXECUTIVE SUMMARY Purpose & Scope of the Review This Report provides an analytical review of the major policy provisions for the agricultural sector in Belize. The focus is on the appropriateness of the policy mix in facilitating transformation of the sector into one characterized by higher levels of efficiency and competitiveness. The review is conducted within the context of the challenges confronting agriculture […]


Understanding the Greek debt crisis

A while back I noted that we should be looking at Greece for where not to end up in the future, seeing that G.O.B. keeps borrowing more and more every day that goes by; adding more and more debt on the shoulders of every Belizean that will have to be paid for by many future generations. I want to share these videos with you all so you can understand what’s going on in Greece and better look at what’s happening in Belize and hopefully stand up and fight for the future of Belize. After all, our children and their children […]


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 […]


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 […]


Horizon 2030 the vision for Belize that never came

We still have time, I guess; but it’s slowly slipping away and each day that passes by I see it all going down the drain. I’m not sure how much money was spent to put this Horizon 2030 vision together and the studies that went into it all but so far it was a gross waste of time and money. VISION FOR BELIZE by the year 2030 Belize is a country of peace and tranquility, where citizens live in harmony with the natural environment and enjoy a high quality of life. Belizeans are an energetic, resourceful and independent people looking […]


Belize: The State Of The Nation

By: Richard Harrison Today, on the eve of our 33rd year of INDEPENDENCE…. I kneel in service to deliver the STATE OF THE NATION address. Instead of dealing with all and sundry, gifts and glory, today I take off my gloves to try to deal a death blow with the little strength I have left…. to only ONE, but principal among the obstacles to the development of my country and people…. who, deep in my heart of hearts, I believe aspire to greater INDEPENDENCE. 33 years ago, all the citizens of BELIZE pledged allegiance to serve the best interest of […]


BRICS countries facing increasing political risk says Aon

Aon Risk Solutions, the global risk management business of Aon plc (NYSE: AON), today unveiled its 2014 Political Risk Map which identifies an increased risk rating for all five emerging market BRICS countries. As a result, countries representing a large share of global output experienced a broad-based increase in political risk including political violence, government interference and sovereign non-payment risk. Brazil’s rating was downgraded; political risks have been increasing from moderate levels as economic weakness has increased the role of the government in the economy. This is of particular concern given this year’s World Cup and the 2016 Olympics. Russia’s […]


Belize Public Service Salaries 6

Position Salary Members of the House of Representatives $610,200.00 Members of the Senate $169,020.00 Crown Counsel – Civilian Prosecutions Unit $153,396.00 Chief Justice $150,000.00 Appeals Judge $139,320.00 Undersecretary Revenue $119,736.00 Puisne Judge $110,000.00 Director of Public Prosecutions $100,000.00 Financial Secretary $100,000.00 Assistant Registrar $92,928.00 Prime Minister $91,800.00 Auditor General $81,787.00 Minister of Public Service $81,000.00 Minister of Health $81,000.00 Elections and Boudaries – Registering Officer Cayo $80,140.00 Ombusman $80,000.00 Contractor General $80,000.00 Senior Financial Advisor $80,000.00 Registrar General $75,000.00 Financial Advisor $74,520.00 Dep Fin Sec $74,520.00 Cabinet Secretary $74,000.00 Director Private Sector Dialogue $72,000.00 CEO Public Service $69,400.00 CEO Prime […]


Belize Prime Minister Announces New Debt Terms on Defaulted Bond

By Adam Williams – Feb 12, 2013 12:32 PM CT Belize’s government proposed extending maturities and cutting the coupon on the country’s $544 million of defaulted debt as part of the Central American nation’s second debt restructuring since 2007. Prime Minister Dean Barrow’s plan would extend the maturity on the defaulted bonds to 2038 from 2029 and lower the current coupon to 5 percent from 8.5 percent. Barrow, speaking to the lower house in Belmopan, said the agreement would provide the country $247 million in relief over the next 10 years. “There is no reason to fear that with this […]