SSB Reveals Record $130 Million Investment

Every working Belizean pays into Social Security. Now the board is revealing where that money is going.

According to the Social Security Board, it has invested $130 million since January, the largest amount it has ever deployed in a single year. The two biggest drivers were shares and bonds in Hydro Belize, the energy company that supplies 100% of its power to BEL.

Leo Vasquez, General Manager of Finance and Investment at SSB, broke down what those investments mean in practice.

Vasquez added that the shares portion is expected to generate around four million dollars per year in dividends.

Total investments in local markets now stand at $654 million, with officials eyeing international markets as the next step.

Tune in tonight on News 5 Live at 6 o’clock for more details.