FECTAB Says Their Stake Bank Dreams “Railroaded”

Prime Minister Briceño made it crystal clear that the Government of Belize isn’t involved in the potential sale of Stake Bank to M.S.C. He explained that these talks are happening between OPSA and M.S.C. But FECTAB members are not happy about it. Today, they held a press conference at the Belize Institute for Management, packing the room with their members. Among the attendees were two well-known Belizean artists, painter Alex Sanker and poet Erwin X. FECTAB’s president, David Almendarez, voiced strong objections, explaining that the association had an agreement with the Feinsteins to work inside Stake Bank once it was completed. He passionately protested the potential sale to M.S.C.

 

David Almendarez, President, FECTAB

“Railroading, just railroad an idea, a dream that we had. We had a dream that they would build a port in front of Belize City. They would have good owners that think about the country, think about us, travel, make a little money, spread the wealth, make Belizean people get out of poverty, let us be owners of something. Mr. Mike said once we get it signed you membership will always have a place on this island. That was the promise, that was the hope that we mih want. So my children, your children and grandchildren could access the island and make good money because of their good works and not because of who they know and what they know. The local tourism industry will lose from this deal. Nobody will bring an island close to us and share the pie. It does not work so. Dah wah decision that is ill faithed. First they say they will take it away in your name. Now we are hearing through the great vine that a company named MSc will buy it or suppose to want to buy it. And deh wah do a cruise ship thing.”