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Dec 4, 2013

Belize gets a B minus slash B credit rating from S and P

Belize is facing plenty trouble from the European Union over illegal fishing in the high seas and an even more dangerous threat from the Caribbean Financial Action Task Force because Belize has failed to address deficiencies in CFATF laws.  The task force is threatening to disrupt the commercial banking industry if Belize doesn’t comply with the offshore requirements and that in turn can result in the collapse the commercial banking sector. And there is other bleak economic news, Standard and Poor’s Rating Services affirms the B minus slash B credit rating with a stable look for Belize. S and P says the rating reflects the lingering government debt, vulnerability of external debt service, expected widening of current account deficits, limited growth prospects over the next five years, and weak political institutions. In its overview, S and P says the debt and interest burden remain high and it is expected that net foreign direct investment (F.D.I.) will sustain foreign reserves this year while declining oil production and payment of compensation claims will likely widen the current account deficit starting in 2015.

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2 Responses for “Belize gets a B minus slash B credit rating from S and P”

  1. beano works great fo deano says:

    But Ali Baba said everything will be good next July!
    The coffers are overflowing!

    I guess he means the Ali Baba and 40 thieves account in the Caymans is overflowing.
    Belize will become the carcass they leave behind after finishing their knife work.

    Fraud passports, stolen rosewood, bogus ship registrations, SIF Dangriga market construction theft, highest murder rates, bad roads, renting out ruins to criminals, off shore fishing violations, worst education, ties to terrorism and drug cartels, mordida shakedown of foriegn investors, dozens of wrecked GOB vehicles, wars with Mayans and ecotourism, BTL & BEL seizures and their eventual collapse, sanctuary for foreign criminals, running off foriegn investment, running off judges, undermining the Belize Bar association, thwarting the Chamber of Commerce, personal attacks on IDB and OAS leadership, mutiple collapses of the agriculture industry, fiscal mismanagement and govt theft, customs scandals, sinking bond rating, collapsing health care, declining hospitals, ineffectual criminal prosecutions, Chiquibul invasions, gangs ruling the streets, corrupt out-of-control police, land seizures as political payback, high unemployement …

    How much longer can I go? A lot more looking through Amandala and Ch5 news archives.

    And now!

    The imminent collapse of the banking industry and the implosion of the Belizean currency, ALL in six years! Ali Baba and his thieves have been busy!

    Belize is going down as a text book case of scuttling of a nation.

    Come on Ali, be sociable and share a pence before your tribe moves on.

  2. Love says:

    “There can be no keener revelation of a government’s soul than the way in which it treats its citizens who point out its wrong as it relates to corruption.” We have a government less keen on reform an more aggressive covering up all wrong doings, in the hope it will blow over.

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