BEL is exploring projects to increase energy independence, including allowing consumers to sell power generated from rooftop solar panels back to the national grid.
BEL is working to recover 35 million dollars in arrears owed by customers, which increased significantly during the COVID-19 pandemic.
The Belizean government is reviewing the removal of mandatory travel insurance to make visiting Belize easier and cheaper for tourists.
The Ministry of Tourism is providing a fuel subsidy to nearly 200 tour guides and operators to alleviate the impact of rising fuel prices.
Belize's inflation rate for the first five months of the year reached 5.3%, the highest since 2008, driven mainly by rising fuel prices.
Belize's imports surged to 1.1 billion dollars in the first five months of the year, driven by rising fuel prices and increased quantities of goods.
The first quarter of 2021 recorded the highest GDP production levels since 2019, using a new calculation method that revises estimates back to 2014.
Belize's GDP reached a record 1.2 billion in the first quarter of 2022, with a growth rate of 5.3%.
Citrus and banana production in Belize declined in the first quarter due to labor shortages linked to child labor accusations against a major farm.
Beer and soft drink production is analyzed in relation to tourism and social habits.
Tourism in Belize has not fully recovered to pre-COVID levels in the first quarter of 2022.
Rafael Dominguez Sr. was unanimously reinstated as general manager of the Saint Francis Xavier Credit Union during its 41st Annual General Meeting in Corozal.
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