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Aug 12, 2022

P.M. Briceño Comments on Pharmacy Express’ Failed Loan Application

The controversial seven million dollar loan from the Social Security Board to Pharmacy Express Limited, as we reported on Thursday, has been called off.  As it came to be, the Government of Belize raised the only objection that was submitted in writing to the S.S.B. on the basis that the pharmaceutical company which operates out of the Fort Street Tourism Village was doing so illegally, since it does not have a license to dispense medicinal drugs.  S.S.B.’s announcement on Thursday came hard on the heels of a raid that was effected by the Ministry of Health and Wellness the day before.  Despite our efforts to get a word with officials from the ministry, we were unable to with Chief Executive Officer Doctor Julio Sabido.  Nonetheless, we were able to catch up with Prime Minister John Briceño at an event this morning where he shed more light on the situation from government’s perspective.


Prime Minister John Briceño

Prime Minister John Briceño

“There’s a lot of concerns as to why this should be approved or why it should not be approved.  But the most important thing was that the Ministry of Health and Wellness realized that, hold on, this company has been operating without a license.  So if they are operating without a license then that by itself could be a reason to disqualify.  But I am told that the company then decided to withdraw its loan application and so that’s where it ended.”



“Sir, are you concerned though that the raid from the Ministry of Health and Wellness officials on the Fort Street Tourism [Village] properties of Pharmacy Express could have legal implications for your government given that the attorneys, the defense attorneys for that company has suggested that that search was illegal, in their opinion?”


John Briceño

“Well, I was told that when they started they were asked for a search warrant and they did get their search warrant.  So that in itself should take care of that, but again, I am not an attorney so I really can’t comment much about that.”


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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