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CitCo Running on Skeleton Staff Amid Coronavirus Crisis

The economic impact of the COVID-19 crisis is widespread and across the country municipal administrations are feeling the financial crunch.  Of the four hundred and twenty employees on staff at [...]

COVID-19 Affecting Revenue Stream for City/Town Councils

Orange Walk Mayor Kevin Bernard is pleading to Prime Minister Dean Barrow to afford city and town councils across the district financial relief. Most councils have closed down and only [...]

The Impact of COVID-19 on Corozal

Up north in Corozal Town, lines formed at supermarkets and banks as residents conducted last minute shopping, prior to the start of the curfew. But on Wednesday, a few miles [...]

What’s Up With the Corozal Subvention from G.O.B.?

The economic slowdown is not only affecting central government, but the nine municipalities in the country. While G.O.B. can access international funding, the councils require funding for their recurrent expenses. [...]

Are Municipal Councils Essential Services?

Earlier you heard that municipalities are facing uncertainty on government subventions. Streams of revenue from traffic and property taxes are drying up and collections have dipped considerably. Under the state [...]

G.O.B. Cuts Back on Fuel Allocations to Designated Ministries

As part of measures to contain spending in the public sector, the government is cutting fuel allocations for some ministries. The cutback represents a twenty-five percent reduction in allocations to [...]

Enough Foreign Exchange in the Local Market, Says PM Barrow

Supermarkets and select grocery stores will be allowed to remain open during the next thirty days of a national state of emergency.  On a needs only basis, persons will be [...]

What About Job Loss During State of Emergency?

During the national shutdown there are going to be several other businesses in various sectors that will be ceasing their operations, forcing employees to go jobless during the thirty-day interim.  [...]

Financial Aid is Coming from the IFIs

A significant sum of money to be borrowed from at least three international financial institutions, including the World Bank, the Inter-American Development Bank, as well as the Central American Bank [...]

S.S.B. Amends Benefits Regulation

The Social Security Board has positioned itself to mitigate the effects of the COVID-19 pandemic. The S.S.B. says that it remains committed to safeguarding the health, safety and well-being of [...]

I.D.B. Discusses COVID-19 and the Caribbean

On Monday afternoon, the Inter-American Development Bank held a webinar to talk about COVID-19 and the implications on the Caribbean. During the live online show, Therese Turner Jones of the [...]

I.D.B. Invest Outlines Support for Private Sector

The private sector arm of the Inter-American Development Bank, the IDB Invest, was also a part of the webcast discussion. C.E.O. James Scriven spoke about how they are engaging their [...]

Fleshing Out the State of Emergency

As of Wednesday night, the restriction of free movement of citizens across the country will come into full effect as part of the state of emergency.  Only persons who are [...]

PM Barrow – Outside Financial Aid A Little Slow to Come By

Are there sufficient medical equipment and supplies to take us through this period of national shutdown, amid the COVID-19 crisis?  According to PM Barrow, there is enough to last the [...]

Disbursements for Unemployed Belizeans Commences this Week

To tide Belizeans over while funding from the international financial institutions is made available, government will be drawing down on monies that have been earmarked from its majority-owned utility companies, [...]

Lord Michael Ashcroft & the Belize COVID-19 Response Fund

There are more details tonight on the ten million-dollar donation granted by Lord Michael Ashcroft to the government to assist in the combat against COVID-19. The donation has been deposited [...]

Challenging Times Ahead for Belize

There are two cases of COVID-19 in Belize, but the deadly virus is already having a toll on the way of life.  It is an enemy that attacks everyone from [...]

S.I.B. Latest Economic Figures for February 2020

The Statistical Institute of Belize has released its most recent figures as it relates to the Consumer Price Index and External Trade Bulletin.  Last month, consumer prices increased slightly, as [...]

Commercial Banks are Fully Prepared to Work with Indebted Customers

Financial institutions stand ready to work with their respective customers during this time of economic catastrophe.  The Central Bank of Belize, led by Governor Joy Grant, has been instrumental not [...]

PM Barrow: “No National Shutdown Just Yet”

Prior to this afternoon’s press conference, there had been persistent hearsay on social media that the prime minister would be bringing into effect a countrywide lockdown in attempting to mitigate [...]

No Need to Panic Amid Coronavirus Chaos

According to PM Barrow, should a countrywide state of emergency become imminent, citizens must not panic.  In the case of such eventuality, the prime minister says that the national taskforce, [...]

Local Economy Di Tek Serious Lick

As the nation braces for a crisis provoked by the COVID 19, several measures were announced today at a press conference by the national Oversight Committee, to ease the pain [...]

$150 Bi-weekly for Laid-off Tourism Workers

Belize’s economic performance in light of the existing crisis is very poor and it will take months for the country to rebound from the doldrums of COVID-19.  Gross domestic product, [...]

Kerosene Price Goes Down

With prices for crude oil dropping on the international market, kerosene prices will go down at the pump at midnight tonight.  The Ministry of Finance says the price for kerosene [...]

Is the Michael Finnegan Market Closing its Gates? Not So Says CitCo!

Reports surfaced this morning that the Michael Finnegan Market was closing down. The information online suggested that vendors were all leaving at midday because the market would be shutting down. [...]