According to the PM, the legislative changes that were presented to the House have not been passed and some will come to a complete halt. But we note that the June Indicative Scenarios by the Ministry of Finance refers to policy measures such as the hotel tax and VAT as having been passed in the House but would come into effect in 2013. Still yet, the PM would not ease off Moreno.

Prime Minister Dean Barrow

“I am more upset with Moreno because he had, I thought, the support at his board to push this thing through, notwithstanding U.S. Treasury’s objection.  But even there it’s what it is.  I’m not going to say the bank, Belize will withdraw from the IDB.  We have to, we have to be mature.  It’s not in our interest not to continue our relationship with the IDB.  So, having said what I have said, having made it plain that Belize has the dignity and the sovereign courage to speak truth to power, we move on.  And the fact is that ultimately the debt restructuring is a matter for us and the bondholders and the negotiations continue.  I’ve indicated that I believe we will get a settlement and I believe, furthermore, that we are fairly close to a settlement.”

Jules Vasquez, 7 News

“Now the funny part is that we have already done the legislative, our legislative part of earning a policy-based loan from the IDB, in terms of reconfiguring the hotel tax.”

Prime Minister Dean Barrow

“We haven’t you know.”

Jules Vasquez

“Well you passed the law, haven’t you?”

Prime Minister Dean Barrow

“No, we didn’t pass that law.”

Jules Vasquez

“But you presented it to the House.”

Prime Minister Dean Barrow

“Yes, but we never [passed it.]”

Jules Vasquez

“So now all those things which were [already in the pipeline]…”

Prime Minister Dean Barrow

“Ain’t going to be done.  But there are other things that we did do such as reduce the number of items on the restricted list, the number of imports and that’s sort of thing we would have had to do in any case.”

Channel 5