Belize - Belize News - Channel5Belize.com - Great Belize Productions - Belize Breaking News
Home » Economy, Miscellaneous, People & Places » Breaking Down Barriers of Doing Business in Belize. Is it Cultural or Institutional?
Jun 4, 2015

Breaking Down Barriers of Doing Business in Belize. Is it Cultural or Institutional?

Darrell Bradley

Belize, according to a recent CDB survey, is nationally ranked at one hundred and nineteen when it comes to the ease of doing business. The barriers of doing business easily are said to be cultural and institutional. But the culture of an organization cannot be changed overnight and Mayor Darrell Bradley gave an example with the Municipal Authorities Act, which he says is an important piece of legislation that has been in draft for four years.

 

Darrell Bradley, Belize City Mayor

“There is the municipal authorities bill to reform municipal dealings so that we have a Belize City Council Act, we have a town council act, we have the City of Belmopan act so that the law will change so that you are going to cease to have those separate laws and you have one municipal authorities act. That is in draft for four years. So that part of the ease of doing business conversation is that government, at the general central government level and the municipal government level, needs to move on some of these things that are backlogged for so long. That law has the strongest powers in dealing with oversight. If the mayor in a municipality steals fifty dollars, you can go to jail for ten years and you can pay a fine of as much as fifty thousand dollars; that’s serious accountability and oversight and everybody recognizes that it is good piece of legislation and it is in draft for four years. So that when we talk about doing business and ease of doing business, what we need to do is stop this and implement. We need action oriented leadership. You cannot have a society that tries to promote ease of doing business and it takes us four years to pass one simple law. So that when we are looking at other aspects of ease of doing business, every single person recognizes that the trade license law needs reform; every single person. The Chamber of Commerce, the public sector and everybody…local government recognizes it. What it requires is that the leadership at all levels step up and get the things done. I think that one of the reasons why our ranking is at a hundred and nineteen is because a lot of things stay on people’s desks and basic things are not implemented and I think that that is one of our biggest problems.”

 

Mayor Bradley says that property tax collection rate is eighty percent and trade collection rate is at ninety-seven percent despite the council receiving flack for barring people from getting their licenses if they have arrears on tax. 

Be Sociable, Share!


Viewers please note: This Internet newscast is a verbatim transcript of our evening television newscast. Where speakers use Kriol, we attempt to faithfully reproduce the quotes using a standard spelling system.

Advertise Here

2 Responses for “Breaking Down Barriers of Doing Business in Belize. Is it Cultural or Institutional?”

  1. Ricky Malthus says:

    Does anyone know of a country governed by black people that is managed efficiently and efficiently? We surveyed all the countries on planet earth and found none. None in Africa, none in the Caribbean, none in Belize. They are all riddled with corruption, fake or crony capitalism, institutionalized slavery glossed over with meaningless rhetoric. Consequently, unemployment and extreme poverty annexed with senseless high taxes ravage their economies as is evidenced in Belize. Our stupid political leaders from all political parties convince themselves that the path to development and economic prosperity lies through Caricom. But how can one obtain progress if one lives in darkness and ignorance and refuse to see any light?

  2. joe sowder says:

    As an entrepenuer, business investor and physician, and immigrant to Belize, I can tell you that political corruption and crime are major deterrents. When you have to pay outrageous import tariffs and duties on everything and anything you need to create a business or product in Belize, plus pay ‘extra’ because you are not Belizean by birth, it makes it virtually impossible to create a profitable business that can survive, and employ people. With the recent spike in murders all throughout the country, it makes it difficult to attract intelligent and competent employeees, as well as new entrepenuers that could create jobs, improve services, and create new ones. The political system has an ancient view of the world and how it works.

Leave a Reply

CAPTCHA Image
*