The government has introduced new microinsurance regulations under the 2023 Insurance Act. These regulations aim to expand access to affordable insurance solutions for low-income individuals and those in the productive sector, offering a safety net against life’s unexpected risks. According to the Office of the Supervisor
Belizean exporters are bracing for serious economic impacts following the Trump administration’s decision to impose a 10% reciprocal tariff on goods from Belize, set to take effect on April 5th. In response, the Government of Belize convened a high-level meeting and promised to “use all available
Former Costa Rican President and Nobel Peace Prize laureate Oscar Arias says the United States has revoked his visa, a decision he learnt about weeks after publicly criticising former U.S. President Donald Trump. Arias said he received only a terse, unexplained email from U.S. authorities informing
The Government of Belize and the World Bank Group (WBG) are moving forward with the development of a new Country Partnership Framework (CPF)—a 10-year strategy aimed at boosting national resilience and fostering inclusive growth. The Ministry of Economic Transformation (MET) led discussions during an in-country mission
The Department of the Environment (DOE) and key regulatory agencies are stepping up monitoring of the Cayo Rosario Development following public concerns about its potential environmental impact. The update was shared in a joint press release issued by the DOE and several government agencies, including
A police officer has been arraigned for allegedly using social media to publicly ridicule outgoing Commissioner of Police (COMPOL) Chester Williams. The officer, Barrington Gilbert Mai—also known as Barry Flowers—was charged with "using a computer system to publish obscene and vulgar data." Mai, a resident of
The Government of Belize has convened a high-level meeting to assess the impact of the United States' newly imposed 10% reciprocal tariff on Belizean exports. The meeting, held in Belmopan, brought together key ministers and senior officials from the Ministry of Foreign Affairs and Foreign
President Donald Trump has imposed a ten percent tariff on Belizean goods exported to the U.S., just three months after taking office. The Government of Belize is closely monitoring this new policy, which the Trump administration calls a reciprocal tariff. This ten percent fee targets
The Ministry of Foreign Affairs has announced that officials are quickly analyzing the situation and will consult with relevant stakeholders to protect Belize’s economic interests. In recent years, Belize's top exports to the U.S. have been sugar and fisheries products. A swift response is crucial,
Doctor Almendarez warns that the ten percent tariff imposed by the Trump administration could hurt jobs. However, he sees a silver lining: it opens up opportunities to explore new markets beyond the U.S., such as increasing trade with CARICOM and the European Union. Here's how
