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Earlier in the news we showed you the Definitive Agreement between Portico and the Government of Belize.
It compels government to create enabling legislation that will allow its fiscal incentives to be made into law.
And so what will Cabinet do? Well, it will do as it says it must. Jules Vasquez reports on a leak fo the Cabinet documents having do with the Port of Magical Belize:
The Cabinet confidential document tabled on May 15th informs Cabinet of the state of play with the Port of Magical Belize.
It makes no complaint about the definitive agreement signed by a single UDP Minister without his Cabinet's approval
It recaps the work done so far by the Port of Magical Belize and
concludes "it is now critical that the tangible support of the government be provided through
the requisite legislation which government committed to under the definitive agreement."
It requests that Cabinet approve the tabling of the proposed bill at the next sitting of the house.
A draft bill is attached, but the Cabinet paper says
that a final form of it must first be approved by the Attorney General's Ministry.
It does not say that the definitive agreement is a matter of any dispute at all, and in fact, neither did the Prime Minister when we spoke to him in March:
John Briceno, Prime Minister
"We as a government, we are able to ensure that whatever investments or whatever approvals that were made by the government of Belize can be carried out. The definitive agreement - and I have not seen it - it was signed by the minister responsible then obviously it is going to be binding because it's the government of Belize that signed it. "
We'll keep following this story closely.
