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Mar 21, 2014

Managing Director of National Bank of Belize is forced out

Jose Marin

There is another resignation from a senior government post to report tonight following on the heels of the departure of the Esquivel family from government. When Laura Esquivel-Frampton was forced to resign from the Belize Tourism Board, two-term Prime Minister, Sir Manuel Esquivel, resigned as advisor to the P.M.; his wife, Kathy, also resigned as Chair of the National AIDS Commission. But tonight, we can confirm that, like in the case of Esquivel Frampton, Jose Marin has been ousted as the Managing Director of the National Bank of Belize, less than a year after he was named to the post. Marin was named MD when the Bank opened its doors last year in September. The news is that the board of the Bank which includes: Minister Joy Grant, Marion Palacio, Dylan Reneau and Hector Sabido met in emergency meeting today and then requested Marin to step down. From what we have been able to gather, Grant’s C.E.O., Colin Young, had applied for a loan at the Bank, but in his view it was taking too long to process. It was brought to Marin’s attention, but it was met with inaction. The Board also complains that there have been many more complaints of delays in the processing of loans. When we spoke to Marin today, he told us that under his watch he would not allow the bank to be politically, but professionally run and that in fact, he was going to resign about a month ago because he could no longer see eye to eye with the Board. Marin’s resignation is effective immediately. Despite the alleged delays in loan processing, Prime Minister Dean Barrow reported earlier this year that two point six million dollars in mortgage financing has been disbursed.

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10 Responses for “Managing Director of National Bank of Belize is forced out”

  1. Ali BaBarrow, ring leader says:

    >would not allow the bank to be politically, but professionally, run

    dream on.

    Anything the Ali and his band of 40 wants, well you are either in with them or out against them.

    In Nigeria, President Goodluck lost $20B under his watchful eye, and then fired his banker for reporting the truth.

  2. Rod says:

    One of only thirteen non black working in the gov. And the racism and bigotry continues who wants to bet that a black gets the position.

  3. man says:

    Well leave the banks for the private sector…. its too short for these commotion to occur….. Its not a surprise but the man i respect is Dylan Reneau and hope that he clears his name because he cannot allow a bunch of Cronies damage his reputation…. Come Reneau you need to speak about this matter and please don’t hide anything…. unless you are like Joy Grant and Godwin Hulse..whose reputation is now to the ground….

  4. Get a life Rod says:

    Boy you complaining about colour? How many bank managers aren’t of a lighter complexion? How many jobs in Belize haven’t been given to Mestizo’s and other Latino’s because of the so-call ‘need’ for bilingualism?

    Belize has never identified itself as being Latin; we are Caribbean – our history is one of slavery, colonization and indentureship. Your ancestors probably came as a result of the Caste War and with the help of George Price. Black people, initially had some resentment but have now become supportive of other groups here in Belize, even somewhat to their own detriment; however, mass migration numbers have become a concern because of the imbalance in population and jobs available.

    Be happy when someone achieves and makes something of themselves!

    … and dear sir, if you cannot or dislike the fact that someone “Black” is in a position or that we are trying, as a country, to ensure equality across ethnic groups here … then hear me out … Caste war ova lang time so u ahn anybady weh noh like it cud haul unu r**s.

  5. CEO says:

    Are they coming apart at the seams?

  6. Royce says:

    Janet Arnold appointed as managing director.

  7. Paco Smith says:

    @ Get a life Rod,

    I can only say that your comment was on point. You succinctly summed up the situation, in real terms and that can’t be logically disputed.

    Well said.

  8. BlatantTruth says:

    Rod is right. This administration is getting rid of ALL hispanics in high position. I can tell you that the majority of those people who were terminated at UB were hispanics.

    Anyone who says otherwise is just like Borrow. Racist.

    The hispanics that are still in position are the ones who have disown or denied their own culture or remain quiet.

    Let’s be real. It is what it is!!!

  9. Esta says:

    so how comes this cousin of Min. Contreras was not protected? I wonder what is going on, its like a give and take situation in this government, or is there something better for this Marin?

  10. Lord Smoking shell says:

    @Get a life Rod,

    Very untrue and ignorant – our history is that of the mayan culture. Colonial history i all they thought you at school so thats all that you know. Even if you do not want to believe it there is disparity among races and thus among various sectors of power here in BZ, this aint no myth. Come live it then talk

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