7 News Belize

Belize Bank Delivers 90.6 Million Dollar Certificate to GOB
posted (January 4, 2018)
The 90.6 million dollar question is going to the House of Representatives tomorrow. Should Government pay the arbitration award to the Belize Bank? The question has weighed heavy in the public's mind for 6 weeks, and tonight it's coming close to closure.

Reports to 7 News are that the government received the certificate from the registrar only just this evening. That is the instrument from the court which states the amount that is due and it is served on the Financial Secretary and the Minister of Finance.

Now, the Prime Minister will table this in the house tomorrow as a request for an appropriation by the National Assembly. But reports suggest that it might only be tabled, and then debated and voted on at a later occasion. The issues of costs still has to be finalized and there will be another certificate for that, which would have to be added to this one for approval by the House.

This is unconfirmed at this time, and we won't know the full shape of what's in store until tomorrow's house meeting - which starts at 10:00 in Belmopan. 7News will be there.

Home | Archives | Downloads/Podcasts | Advertise | Contact Us

7 News Belize