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Nov 1, 2017

Opposition Calls Final Resolution ‘Absolute Disaster’ for Belize

This afternoon, the People’s United Party released a statement of its views on the judgment, which it calls an “absolute disaster” for Belize.  It points out that the timing of the judgment comes in the run-up to the Christmas season, when demands on foreign reserves are highest, and warns that the Government must ensure that the Belizean dollar is not threatened and that the business community should have access to foreign reserves in the ordinary course notwithstanding the court order. It repeats that the “one-sided Settlement Agreement” signed in September of 2015, two months before general elections, was a gimmick in the case of the promise by the P.M. that tens of millions of funds would be left for charitable purposes.  Well as it turns out, only a quarter-million sum is available in the Hayward Charitable Trust.  It concludes that, “The nationalization of Telemedia has turned out to be an extremely expensive blunder by the Government and a get rich scheme for U.D.P. families and cronies… the P.U.P. assures the Belizean people that it will take legal advice in order to find out who should be held responsible for this scandalous disaster that has caused the Belizean people to have to pay hundreds of millions of dollars for Telemedia. There has been clear misfeasance in public office and we will insist on accountability.”

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