Cabinet met yesterday and a press release announces extraordinary measures to inject some life into the economy. Cabinet will introduce legislation at Friday's House sitting to, quote, "empower the Central Bank of Belize to provide for emergency programs and facilities to assist during unusual and necessary economic circumstances." End quote. It doesn't say clearly exactly how this will work in practical terms, but we take it to mean that the Central Bank will create further liquidity, directly to lend. But it's not clear if that money will go through GOB, or to the Banks, or directly to businesses? It's an unusual measure, and the Cabinet press brief refers to, quote, "unusual and necessary economic circumstances."

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