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Dec 2, 2010

Gov’t disperses million dollars to cane farmers

Under pressure, the government announced today that it has disbursed a million dollar grant to the Belize Sugar Control Board to assist farmers with urgent financial obligations. The government, via a release, also chided the opposition for calling for an immediate disbursement of a ten million dollar loan to BSI for third payment to farmers as well as for working capital.  The loan went through the House of Representatives and Senate late last week, but has not been released because waivers have not been made available by the ING bank to which BSI is indebted.  The government release says that moving ahead without the waivers would cause a loan default by BSI, which it ominously says would lead to immediate foreclosure and collapse of the industry.

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2 Responses for “Gov’t disperses million dollars to cane farmers”

  1. Earl Grey says:

    IT’S LATE……………THAT MONEY IS SPENT ALREADY.

  2. Carlo says:

    I like how the news pice starts lol lol lol.

    “Under pressure, the government announced today that it has disbursed a million dollar grant to the Belize Sugar Control Board to assist farmers with urgent financial obligations.”

    First of all where was the pressure? LOL LOL the grant was finalised last week so I cannot comprehend how you can say GoB had its back against the wall when they are the same ones who introducedd the bill and made it pain that they would not let the sugar industry fail.
    I also agree with GoB’s position that they will wait for the waiver in respect of BSI. After all Barrow gat dis man. What is there to fear when he is not the worst that has come along.
    Critcise me however you like even if my view is a minority view. Remember what Nelson Mandela once said? Mandela said “Just because the majority think it is corect doesn’t mean I am wrong, maybe it means that most people are wrong.”
    Anyways I like criticism because it lets you know how other Belizeans think which educates me even though most of the time people criticise jsu tfor the sake of criticising. I appreciate all the criticism those who comment after me will make of what I have just said. After all we still have freedom of thought in Belize not freedom of ignorance

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