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Jun 21, 2011

Leader of the Opposition concerned about investor confidence in Belize

John Briceño

The private sector was not the only group to have concerns about investor confidence in Belize since the takeover. The Peoples United Party, though absent from the House Meeting in which the nationalization was the main focus, spoke about how it would take time to win back business confidence. According to Party Leader, John Briceño, the P.U.P. will keep the government to task about all they have promised the nation, including lower electricity rates.

John Briceño, Leader of the Opposition

“The government has given a serious blow to the investor confidence in Belize—both local and broad—and it is going to take a lot of work, a lot of time, a lot of effort to be able to win back the confidence of the investor community. And it certainly will not be with the present government. It is the new government that will be able to do that and we believe that in our party; we have the ability, we have the experience, we have the people with the experience to be able to sit down and to seek out the investments that are needed to be able to move this country forward.”

Jose Sanchez

“At the next house meeting when your party is there, will you argue in support or against the nationalization or the haste in which it was carried out?”

John Briceño

“Well, when we go to a house meeting, it is usually to debate the bills that are in front of us. I think what is important for us now is to hold the government to task; hold the government accountable to the promises—the Prime Minister in particular—to the promises that he has made: that he is going to reduce rates of electricity, that he is going to make these shares available to the Belizean public at large, that the company is going to be operated in an open and fair and transparent and accountable manner, that there is going to be no political victimization, that BELCOGEN is going to be paid. These are the things that we have to hold the government to task and ensure that he lives up to his commitment. But if we are to look at his record, it’s certainly not one that gives you much confidence. If you look at his twenty-one promises, I mean you can go through the list. You can see from his five thousand new jobs, titles to your home properties, to the issue of a six percent growth of the economy, creating stronger investor confidence in Belize, bring down the cost of living no matter what. And today when you see the cost of living has gone up, electricity has gone up, water has gone up, the gasoline gone up, diesel gone up, butane gone up, the basic food items have gone up. So it gives us no confidence. I believe like a party majority of Belizeans simply do not trust or take the government at its word.”

We’ll have more from the Leader of the Opposition on Wednesday’s newscast.

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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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3 Responses for “Leader of the Opposition concerned about investor confidence in Belize”

  1. Rod says:

    Well you need to propose solutions show the belizean people that you are a leader and not just a talker like barrow you need to start showing initiative and start putting forth solutions the time for talk is over if you need help let me know.

  2. L...K says:

    Invester confidence in Belize did not just get blown by the takeover of BEL. That happen a long time ago. Industries in Belize are struggling……..

  3. Crazy says:

    Who will want to invest in something that will fail? No one! I hope everything comes crashing down on their face and we audit all politicians bank accounts to see how rich they are.

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