Second Payment, A Pecuniary Pain For GOB
The Prime Minister discussed the government's plan to borrow 150 million dollars for the second payment to the Ashcroft Alliance after a meeting with the Teachers Union.
The Prime Minister discussed the government's plan to borrow 150 million dollars for the second payment to the Ashcroft Alliance after a meeting with the Teachers Union.
Guatemalan President Jimmy Morales criticized Belize at the UN, prompting a response from Belize's BPP demanding the government address his claims.
The Prime Minister met with the BNTU's Council of Management to discuss teachers' demands for good governance following a nationwide school shutdown.
Caleb Orozco met and embraced US Vice President Joe Biden at a UN General Assembly side event in New York.
The Prime Minister met with the teachers' union to discuss eight points of demand, resulting in a lengthy four-hour meeting.
Political leaders addressed the Independence Day ceremony in Belmopan, discussing national challenges and the need for integrity in governance.
the Government of Belize and the Ashcroft Alliance are in dispute over compensation payments in US dollars, with the Caribbean Court of Justice urging a settlement.
The CCJ judges found the BTL settlement agreement poorly drafted, leading to ongoing disputes between the Government and the Ashcroft Alliance.
The Government of Belize paid the Ashcroft Alliance in Belizean dollars instead of US dollars, ignoring the terms of their agreement, according to Government Attorney Denys Barrow.
The CCJ judges questioned the Central Bank Governor's concerns over Belize's foreign reserves during a hearing about a $70 million US currency payment.
The Government of Belize will need to borrow 150 million dollars to make a second payment, increasing national debt amid ongoing legal challenges.
Financial Secretary Joseph Waight states that the Government of Belize cannot afford to implement the teachers' salary raise at this time.
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