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Aug 13, 2015

Public and Private Sectors Meet for Economic Dialogue

Beth Clifford

The private and public sectors met today in what was being dubbed as an economic dialogue.  While a majority of the session was closed to the media, we were able to speak earlier this afternoon with the Chief Executive Officer of Mahogany Bay Village.  According to Beth Clifford, the idea is for a joint initiative to attract foreign direct investment to Belize.


Beth Clifford, C.E.O., Mahogany Bay Village

“I’m greatly optimistic about the opportunities for the country of Belize and today what I wanted to propose is that there is a new economy coming in which is the connection economy of the industrial age which diminishes the economies coming and to really be able to focus and for our countries to focus along a strategic endeavor for us to go light up the country of Belize with internet, to make our country as business available as possible and for us to be able to attract international capital to our country so that we can grow our own human capital inside of the country of Belize.”



“Talk to us about how you propose to do these things and how the business community received it today.”


Beth Clifford

“I can’t speak for them but they did applaud and that was good so I think it was good.  It’s really about setting a strategy.  It’s about understanding where you want to go and then doing the tactics to get you to it.  Every great change in any country, you can take Grand Cayman, [for example].  Grand Cayman in the 1980s decided to become a great financial hub and they passed a piece of legislation which ended up creating an entire financial industry for them which makes them one of the most robust economies in the Caribbean.  My point today was let us as private and public sectors work together and decide who we want to be in the future and then lead by example through bringing investors in to fulfilling where we want to go and the proposal to that is that we don’t incrementally grow but create a revolution here and do that through creating great internet, getting access to the internet, training for people here.  And the forum, in a lot of ways eases doing business here.”


The daylong forum was attended by an extensive list of government and private sector representatives.

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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.

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