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Away with gill net fishing
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Away with gill net fishing

By Judge Kenneth Gail The outlawing of gill nets can result in the addition of hundreds of millions of dollars into Belize’s economy, increasing employment in the fisheries industry. The movememt to outlaw gill nets had its inception in 2004. It had an exceptionally good start and progressed until it […]

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The International Court of Justice

The recent escalation of tensions between Belize and Guatemala, especially following the latter’s apparent sidestepping of the confidence building measures, is something for the international economic relations’ textbooks and scholarly journals. Particularly, if the recent reports by the Belizean media of declining bilateral trade in Melchor de Mencos are accurate, […]

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Our Independence

By Alejandro Vernon The 1859 Boundary Treaty of April 30th signed by the United Kingdom and the Republic of Guatemala, described the boundary between the British settlement and possessions in the Bay of Honduras and the Republic of Guatemala. The chart describing the southern line (Sarstoon River) and the western […]

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Public-sector agencies compete to boost customer satisfaction

“The public sector is, collectively, the world’s largest service provider. Any incremental improvement in public services positively impacts millions of people. The first step to ‘delivering the customer promise’ is to know your customers and their needs”—Wim Oosterom. The quote above, taken from Wim Oosterom – a former Global Sector […]

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GOB’s next step

The future of the Belizean economy is anyone’s guess and all indications are that it is not performing successfully. The departure of First Caribbean was the writing on the wall that all is not as well as the government would want us to believe. Then came Fruta Bomba – one […]

“De-risking”: a global phenomenon (Part 1)
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“De-risking”: a global phenomenon (Part 1)

There are few issues that one could say register on the economic Richter scale more significantly than one that could potentially cripple or disable a country’s ability to process payments across international borders. Fundamentally, any open economy, including Belize, needs to be able to send or receive money from abroad […]

The woman that brought light to her whole village
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The woman that brought light to her whole village

By Ingrid Fernandez Staff Reporter The village of Santa Teresa in Toledo is a remote village in Southern Belize. It is 35 miles away from Punta Gorda town and an hour drive from the Jalacte Highway cutoff through a rocky road. The village, that consists of about 70 families living […]

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Toledo Rice

By: Alejandro Vernon In the forties and fifties Toledo was called the “bread basket” of Belize. Rice was grown in abundance in Toledo and pigs were raised and shipped to Belize City on the MV. Heron H. and MV. Maya Prince. The colonial government erected a rice-mil and a warehouse […]

Access to Credit Pt. 3: Legal framework  for Secured Transaction Reform
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Access to Credit Pt. 3: Legal framework for Secured Transaction Reform

Without any doubt there is a type of global consensus on a couple things regarding Micro, Small, and Medium-sized enterprises (MSMEs). Firstly, there appears to be no disagreement about the essential role that MSMEs play in both developed and developing economies, as global estimates say that roughly two out of […]

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Rice Wars

The recent Rice War was never about the Belizean consumer, but rather a plain case of greed and power. Rice is big money and that’s because Belizeans consume about 24 million pounds of it annually, which is around 77 pounds per person. At the current price per pound of rice, […]