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Aug 1, 2016

Central Bank Governor to Demit Office in September

Glenford Ysaguirre

The tenure of Glenford Ysaguirre as Governor of the Central Bank of Belize comes to an end in September when his contract expires.  Ysaguirre, who assumed the post in 2008, told News Five today that he will not be renewing his terms of employment.  During his term in office, he played a critical role as part of the Super Bond negotiating team in 2012.  He has also been instrumental in spearheading Belize’s position where it concerns the issue of correspondent banking.  While Ysaguirre demits office next month, a successor is yet to be officially named, but there is word that he is to be replaced by former minister and FIU Director Joy Grant.

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4 Responses for “Central Bank Governor to Demit Office in September”

  1. Hatari says:

    If the bank won’t give you the money . . just change the players. They are going to bankrupt Belize before this is over.

  2. Timber says:

    Well, I guess you didn’t drink the right bottle of whiskey with Dean this time, you and your brother. I’ve been long saying that Belize is BROKE! You were ones of the ones who lied to save your ass, now you realize it’s time to jump ship. Again, they’re passing up Hollis Parham for the post where none of you can carry water for him academically and he was educated at one of the best universities NY had. I digress.

  3. Timber says:

    Continuing upon the theme of bad leadership and people who don’t know what the hell they’re doing in some of these financial institutions; word has it that DFC has to acquire a delinquent asset in the form of the credit union from Cayo. What a farce! Word to you Miguelina, Natalie, Shasha, YOU DON’T LEND A FINANCIAL INSTITUTION MONEY UNLESS YOU KNOW IT’S PROPERLY VETTED OR YOU LEND FOR HUGE PROJECTS WHERE YOU KNOW THE MONEY IS SURE TO BE COMING IN FREQUENTLY IN THE FORM OF CAPITAL INVESTMENTS! I didn’t have to spend too much time in banking to know this. Inquiry minds want to know which one of you got kickbacks on this venture or who was the friend you were in cahoots with. Just like tons of other bad loans you all doled out even though you knew folks weren’t qualified. Look at the sham doctor who got $350,000 from you all and never set up a business in Belize and talked about all he had in Chetumal. How were you going to recover your losses? He did you all a favour when he moved his loan to Scotia, but not after throwing one of your loan officers under the bus because he was getting kickbacks for approving that loan. Remember, even though DFC should be a private entity, it’s still politically controlled. Enjoy your time because you all are gone with a change of government.

  4. Jahson says:

    Great news-he strangled everyone attempting to start anything in Belize-Hope the other doesn’t do the same.

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