Six "narco submarines" loaded with cocaine were intercepted during an international anti-drug operation led by Colombia, officials announced Wednesday. The operation, which included 62 countries, seized over 1,400 metric tonnes of drugs between October 1 and November 14, according to Vice Admiral Orlando Enrique Grisales
Nine laptops and access to an advanced online legal library have been provided to police prosecutors in Belize under the PACE Justice Project, an initiative funded by the European Union (EU) and implemented by the United Nations Development Programme (UNDP). The equipment, valued at USD
Belize’s national Consumer Confidence Index (CCI) rose significantly in October 2024, climbing 13.9% to 44.3 from 38.9 in September, according to the Statistical Institute of Belize (SIB). The index, which measures consumer sentiment about the economy, household finances, and readiness for major purchases, reflected increased
The Statistical Institute of Belize (SIB) reports that imports rose sharply in October 2024, while domestic exports experienced a decline. Belize imported goods valued at $281.1 million, marking a 14% increase compared to the $246.6 million recorded in October 2023. The growth was driven by
Consumer prices in Belize rose by 2.1% in October 2024 compared to the same month last year, according to the latest report from the Statistical Institute of Belize (SIB). The national Consumer Price Index (CPI) reached 119.7, up from 117.2 in October 2023, driven primarily
We begin our newscast this evening with welcome news from the financial sector. The Central Bank of Belize held a press conference earlier today to update the public on its operations and the nation’s economic standing. Governor Kareem Michael kicked things off by highlighting a
Despite the significant post-pandemic boost in the country’s G.D.P., Belize is still wrestling with inflation. However, there’s been a shift in what’s driving this inflation. Previously, Belize was importing inflation. Now, according to the Central Bank, over sixty percent of Belize’s inflation is influenced by
Now for some more good financial news: the Government of Belize has managed to slash its debt-to-GDP ratio from a whopping one hundred and three percent in 2020 to sixty-four percent in 2024. That’s a huge drop! Michael even called it incredible. [caption id="attachment_28676" align="alignright" width="300"]
Under current foreign currency laws, people traveling outside of Belize for business can only get two hundred and fifty dollars per day from an authorized dealer. Those seeking medical treatment or going on vacation can receive up to three thousand dollars. But today, the Central
As part of its wave of changes, the Central Bank of Belize is gearing up to launch a credit reporting system. Central Bank Governor Kareem Michaels says this new system will open up access to finance, boost financial inclusion, and help maintain a stable financial
