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Economic Recovery Strategy for Belize #543821
07/31/20 06:01 AM
07/31/20 06:01 AM
Joined: Oct 1999
Posts: 67,989
oregon, spr
Marty Online happy OP

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Tune into the GOB Facebook page this morning at 10:00 a.m. for a live stream of the launch of the Economic Recovery Strategy for Belize.

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Re: Economic Recovery Strategy for Belize [Re: Marty] #543830
07/31/20 10:21 AM
07/31/20 10:21 AM
Joined: Oct 1999
Posts: 67,989
oregon, spr
Marty Online happy OP

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Marty  Online Happy OP
Here is the Launch of the Economic Recovery Strategy for Belize live broadcast:



By Prime Minister Dean Barrow: This year our country is enduring one of the toughest challenges of its entire history, as the Covid-19 pandemic continues existentially to threaten the lives and livelihoods of Belizeans. Our Government's proactivity in the face of the virus did two things. It quickly bolstered our health system, which in turn saved lives; and it promptly delivered economic support packages that have helped our people survive this harshest of historical realities. Thus, we have been spared the fate of our neighbors, the alarming community spread of the virus in our region. However, the crisis is far from over and our ability to maintain our comparative success will no doubt be severely tested. This, after all, is an enemy that will not stand still; one whose characteristics are ever changing; and one that refuses to adhere to any discernible timeline.

The scale of our present adversity, therefore, is unprecedented. But we have faced disasters before. We have been tested in the fire and the flood, the hurricane and the drought. And we have never been found wanting. Our Belizean story is studded with examples of our resilience and resolve. Our ability to respond, to survive, to overcome is central to the history of this land. So once more we will summon forth our proven reserves. Once more we will unite, we will adapt, we will prevail.

In fact, we have already started. Look at how businesses, enterprises of all shapes and sizes have, chameleon-like, changed, reinvented, repurposed. Distilleries have morphed their craft to manufacture hand sanitizers. Stationery houses have constructed face shields. Restaurants have pivoted to contactless delivery and takeout. Education, entertainment, exercise jumped boundaries and transitioned seamlessly from the real to the virtual. We slipped the knots of traditionalism, niches, comfort zones. We became elastic and we did the necessary. We contorted to remake ourselves, to keep life and essence and Belizean identity as intact as possible.

Of course, none of this has been easy and some areas have been vastly more difficult than others. Agriculture is holding on, certainly at least as far as food sufficiency is concerned. But tourism has collapsed and the road to recovery will be a long and tortuous one.

These two-agriculture and tourism-are our mainstays. So even as we strive for diversification, we buffer them in any recovery strategy. Tourism in particular, acting as a feeder to construction and small business and culture and music, will remain a key in the rebuilding of a stronger and more durable Belizean economy.

The Government of Belize is working with partners economic, social, NGO, international. Devastating though the pandemic may be, it is an ill wind that blows no good. So we will use this opportunity of necessity to remake a proper, robust and variegated new destiny for our country. And so I give you our Economic Roadmap 2020, dealing as pithily and as effectively as we can with Covid and beyond; offering the cornerstones of support to Business Recovery, Improving the Business Climate, and optimizing Governmental efficiency.

I assure you, then, that as together we trace the course of rebound and rebirth, these are our markers; these the milestones on which we will inscribe a narrative of Belizean economic and social resurrection.

It is a narrative, I have no doubt, that will resonate and inspire for years to come.

Rt. Hon. Dean 0. Barrow Prime Minister of Belize

==================

The Prime Minister Rt. Hon. Dean Barrow, joined by Hon. Tracy Panton, Minister with responsibility for Investment, Trade and Commerce, and Hon. Godwin Hulse, Minister of Food and Agriculture, launched Belize's Economic Recovery Strategy at the Best Western Plus Belize Biltmore Plaza on July 31, 2020.

Click the link below to view the document...
https://www.pressoffice.gov.bz/wp-content/uploads/2019/12/Economic-Recovery-Strategy.pdf

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Re: Economic Recovery Strategy for Belize [Re: Marty] #543839
08/01/20 04:41 AM
08/01/20 04:41 AM
Joined: Oct 1999
Posts: 67,989
oregon, spr
Marty Online happy OP

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Marty  Online Happy OP

GOB Launches Economic Recovery Strategy

And, while the news from today's press conference so far has been all about Ashcroft and Politics, really, the three hour long press conference was held to launch government's economic recovery strategy. It's a response to the COVID pandemic where government took input from all major sectors. The Minster of State for Economic Development outlined the pillars of the plan:

Hon. Tracy Panton, Minister of State, Trade
"This recovery plan intends to safeguard livelihoods, provide stimulus for business continuity. It is expected to support existing and new enterprises for job retention and job creation, to strengthen and diversify our local economy in spite of the shocks we have experience due to Covid-19. The Economic Recovery strategy for Belize is built on five pillars: supporting business recovery, creating a business climate for growth, improving government efficiencies and the conditions for doing business. Strengthening of our productive sectors and growing our emerging economy."

Hon. Godwin Hulse, Minister of Agriculture
"We are feverishly completing as we speak, a 16 million in direct relief to those farmers suffering multiple hardships from the drought as I mentioned, Covid and the floods."

Rt. Hon. Dean Barrow- Prime Minister
"We will recover and this new bible, however short-lived it might be because of the eminence of elections will help us to recover."

PM: The Plan Should Span Administrations

And while his government only has a few months left, the PM says that he hopes a new administration would pick up the plan where his government left off:

Rt. Hon. Dean Barrow- Prime Minister
"This is not a political document and not even a current administration document. This is a national document produced by a national effort. It is my hope that any new administration will bear this well in mind."

Channel 7


The economic downturn caused by COVID-19 continues to affect the business sector. The mainstay, the tourism industry, crumbled causing massive unemployment once the pandemic began to spread. Flights resume at the P.G.I.A. on August fifteenth, but recovery of the sector is unknown. Today, the government rolled out an economic plan, named the “Economic Recovery Strategy for Belize,” seeking to fix the damaged economy. Tourism and agriculture are the two main pillars of the plan, which the Prime Minister thinks will rebound and strengthen the economy. But is it just a retread of initiatives that are already in place? Here is News Five’s Isani Cayetano with a report. SHOW LESS


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