Welcome to join our discussions
on Offshore Companies, Incorporations,
Prime Minister Dean Barrow left Belize for Taiwan
. He will visit Taipei to attend the inauguration of a new President of Taiwan Ma Ying-jeou.
Prime Minister Dean Barrow paid several important international visits to Miami
. He met with World Bank officials, attended the Annual Meeting of the Inter-American Development Bank, and he met with the OPEC Fund for International Development (OFID) officials.
Moody's Investors Service said that Cayman's maintenance of its favorable government foreign currency bond rating shows the economic resilience of this offshore jurisdiction in the face of uncertainty that surrounds the US economy.
12/04/2008 According to the announcement made by the Government of Belize on April 10, two important Memoranda of Understanding have been recently signed by the jurisdiction.
Prime Minister Dean Barrow returned to Belize from Washington
. He met with President Bush, President of the Inter-American Development Bank Mr. Luis Alberto Moreno, and Secretary General of the Organization of American States His Excellency Jose Miguel Insulza.
Belize will benefit from an additional allocation of EUR 7.8 million granted by the European Commission
as apart of continued support for the improvement and modernization of the jurisdiction's sugar and banana industries from the EU.
A new regulatory body - Belize Land Transportation Authority
- has been formed with a view to improve Belize's growing transportation industry.
The Ministry of Natural Resources and the Environment of Belize and the Energy and Environment Partnership with Central America (EEP) will organize the 10th Regional Forum on Renewable Energy that will be held on November 20-22, 2007 in Belize
MoneyGram International has decided to extend its operations to Belize.
To offer an affordable and convenient money transfer service to its customers, the company chose 3 agents - Belize Bank, Omni Networks and Fultec Systems.
According to the announcement made by the Ministry of National Development, the European Commission Delegation in Jamaica has sent the official confirmation that a grant of Euro 11.8 million (BZ$ 32.5 million) will be given to Belize
under Envelope "A" of the 10th European Development Fund.
As far as providing accurate, efficient and trustworthy data on Belize has been one of the crucial objectives of the government of Belize, it needed to launch the Statistical Institute of Belize (SIB). On July 3, the launch of the Statistical Institute of Belize was announced by the Government.
Belize was visited by Nicaraguan President Daniel Ortega.
On June 29, 2007, he went directly from Mexico to San Pedro with a view to attend 2 sub-regional summits.
The President of the United Mexican States, H.E. Mr. Felipe Calderon Hinojosa has been invited to Belize by Prime Minister of Belize, Right Honorable Said Musa. The Mexican President is planning to visit Belize on June 29-30, 2007.
Belize has signed Cooperation Agreement with Central American Court.
The agreement between the Supreme Court of Belize and the Central American Court of Justice has been signed by Chief Justice of Belize, Abdulai Conteh, and the President of the Central American Court of Justice, Dr. Ricardo Acevedo Peralta.
Fitch Ratings has assigned an "A'" rating to Belize Sovereign Investments III Limited Notes (BSI III).
The rating assigned to BSI III notes is substantially supported by the financial strength of the insurance provider and by the default probability of the Belize's government.
The closure of debt exchange has been announced in Belize. The bonds to be issued will replace 98% of Belize's commercial external debt.
Under the new plan, Musa expects to save USD 301 million in debt servicing costs.
Minister of Education and Labour Hon. Francis Fonseca announced at a press conference that the minimum wage for agriculture workers will increase by 25% and for shop assistants and domestics by 33%
. The changes were announced on January 17 and will take effect on April 1.
In the end of December, an open letter addressed to the international financial community was published by the International Monetary Fund. The IMF has welcomed the progress, which Belize authorities have made
The Inter-American Development Bank announced that it had approved a USD 25 million fast-disbursing loan for Belize
to support its government's agenda of reforms regarding restoring macroeconomic and financial stability, improving its business climate and raising investors' confidence.
Belize will take part in changing Caribbean economy
as it will be represented by its Prime Minister, Rt. Hon. Said Musa, at an upcoming conference in London called "Transforming the Caribbean Economy - new avenues for investment".
The Government of Belize signed an Association Agreement
with the Central American Bank for Economic Integration. The agreement enables Belize to be incorporated to CABEI as a non-founding Beneficiary Member.
The Government of Belize admitted
last week that it was close to default and will have to restructure is debt, although a deficit of GDP was reduced from 9% to 3% in just two years. The Prime Minister Said Musa denies the forthcoming devaluation.
The Central Bank of Belize announced
that United Exchange International Bank is not licensed to provide banking and financial business in or from within Belize.