Belize Times August 18, 2019- $200 Million More Debt

Page 1

APP

The Belize Times Established 1957

18 AUGUST 2019 | ISSUE NO: 5160

The Truth Shall Make You Free

www.belizetimes.biz | $1.00

200 MILLION MORE DEBT

GOB plans to borrow $US50M from the Export-Import Bank of Republic of China for the upgrading of the Corozal–Sarteneja Road and the construction of bridges to replace the ferries at Pueblo Nuevo and Laguna Seca. The Inter-American Development Bank will lend us $US14M to strengthen tax administration and another $US10M for use as a contingency loan for natural emergencies. This will mean an additional $US74M in debt for Belize. Bloated contracts are the order of the day in Belize. There are many examples of many construction companies that seem to magically materialize just moments before a multimillion-dollar contract is signed. Such projects are usually substandard in quality and do not give value for money spent.

Pg. 3

Dengue Deaths? Pg. 2

WHO CARES?

OUTGOING UDP VC CORRUPTION EXPOSED Pg. 2

Pg. 2

Sanctuary Blame Part 1 Pg. 6

136 DAYS TO ANOTHER SSB INCREASE


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.