The Statistical Institute of Belize (SIB) reports that imports rose sharply in October 2024, while domestic exports experienced a decline. Belize imported goods valued at $281.1 million, marking a 14% increase compared to the $246.6 million recorded in October 2023. The growth was driven by
Consumer prices in Belize rose by 2.1% in October 2024 compared to the same month last year, according to the latest report from the Statistical Institute of Belize (SIB). The national Consumer Price Index (CPI) reached 119.7, up from 117.2 in October 2023, driven primarily
We begin our newscast this evening with welcome news from the financial sector. The Central Bank of Belize held a press conference earlier today to update the public on its operations and the nation’s economic standing. Governor Kareem Michael kicked things off by highlighting a
Despite the significant post-pandemic boost in the country’s G.D.P., Belize is still wrestling with inflation. However, there’s been a shift in what’s driving this inflation. Previously, Belize was importing inflation. Now, according to the Central Bank, over sixty percent of Belize’s inflation is influenced by
Now for some more good financial news: the Government of Belize has managed to slash its debt-to-GDP ratio from a whopping one hundred and three percent in 2020 to sixty-four percent in 2024. That’s a huge drop! Michael even called it incredible. [caption id="attachment_28676" align="alignright" width="300"]
Under current foreign currency laws, people traveling outside of Belize for business can only get two hundred and fifty dollars per day from an authorized dealer. Those seeking medical treatment or going on vacation can receive up to three thousand dollars. But today, the Central
As part of its wave of changes, the Central Bank of Belize is gearing up to launch a credit reporting system. Central Bank Governor Kareem Michaels says this new system will open up access to finance, boost financial inclusion, and help maintain a stable financial
We've been keeping you in the loop for months about the Central Bank's new currency designs. Well, the wait is almost over! The designs will be unveiled in January 2025. And don't worry, the change in design won't affect the value of your money. The
Last night, we brought you part three of our deep dive into the operations at Caribi Bleu Casino in San Pedro. Tonight, we have breaking news: the Central Bank has confirmed they're investigating the casino. As we've reported, the casino was caught running an unauthorized
David Almendarez is well-known for his outspoken criticism of the government and his zero-tolerance stance on corruption. As the face of FECTAB (the Federation of Cruise Tourism Association of Belize), he's often been vocal about issues with current and past administrations. While some call him
