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Oct 13, 2021

PM on Salary Cuts and Business Investments

Prime Minister Briceno said that the ten percent salary cut that was applied earlier this year to the salaries of teachers and public officers played a significant part in helping to put the economy in better standing. He also spoke about the Economic Summit scheduled for November.

 

Prime Minister John Briceno

Prime Minister John Briceno

“On the second quarter we saw growth of over twenty-two point three percent growth. To me what was most exciting was for the first time in a very, very long time, agriculture led the growths. And, sadly, tourism was close next to that. The services sector, the BPOs have been growing so, we’ve been doing the right things and we are starting to see the benefits of the decisions that we have made  as soon as we got into government.”

 

Marion Ali

“In terms of the upcoming Economic Summit, where are we getting the interest from in terms of countries or regions?”

 

Prime Minister John Briceno

“The Investment Summit we are making it international but certainly we’re getting a lot of interest from Belizeans here in Belize, but we’re also getting interest, obviously, from the United States. But now, we are getting interests from Guatemala and Mexico, from Central America. And that is simply because, you know, we have been active in the region. We have been seeking meetings both myself as Head of State and Eamon Courtenay as the Minister of Foreign Affairs.  And we’ve been in Mexico; we had a series of meetings in Mexico when I was there for about a week. We met with Compramex, which is probably one of the largest private sector organizations and they are expressing interest to come and look. When we made note that we are interested in how we can connect  to the Tren Maya, and to see how to get initially to the border of Belize, and eventually to see if we can get it into the country. Obviously, it has to be a private sector- public sector partnership, and that generated interest in Mexico.  We have a number of issues or ideas that we are looking at. We are trying to see how we can connect Ambergris Caye to the Mahahual area, into the Peninsula. Its just, we have opening a canal for about forty feet. We believe we could put a bridge there, then that means that the Rivera Maya would start in Cancun and end in San Pedro. And when we said that to the media in Mexico, that excited them because you would be able to drive straight from Cancun to San Pedro and vice versa  and it will open up that market.”


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