Belize Bank Still Holds Loan Note & Settlement Deed

But while this matter may appear neatly wrapped up and set aside, there are still other issues.

• First, while the government may propose a new private sector deal all it wants, the obligation is to the Belize Bank and from what we've been told by our sources, the bank is not happy with this arrangement.
• And in fact, it has been suggested that the bank still has a loan note and settlement deed signed by the Prime Minister which may have been put on the back burner, but not in the shredder.
• Second, there's some speculation about where this reversal leaves Ministers Mark Espat and Cordel Hyde who were asked to leave Cabinet on Tuesday.
• A government release said that their dismissal was partly because they would not support the motion in the House, but now that there is no such motion, they may be able to get back their jobs. Best information suggests that is a decision the Prime Minister would best leave for another time.
• And that is because the hawks in his party who have been pushing for the motion to be passed, like last week, were also the ones who urged him to pre-emptorily fire Espat and Hyde
• And the last issue is the BTL Vesting Bill. The Leader of the Opposition characterized it as a quid pro quo for the discount on the Universal debt which was reduced from $33 million to $29 million.
• Well the Vesting Bill is still going to the House for second and third readings tomorrow. It is a controversial piece of legislation and later on in the newscast, we'll show you why.