Sunday, November 6, 2011
SUNDAY November 6, 2011
1
THE BELIZE TIMES
Issue No. 4770
www.facebook/Belize Times
IMF Says
Haada Times Di Come! Belize City, November 1st, 2011 The state of Belize’s economy has worsened, according to the International Monetary Fund. The IMF carried out its Article IV consultation in Belize and in their findings released last week they did not paint a good picture of the nation’s economic state. The Barrow Administration was unable to maintain austerity measures, allowing the overall fiscal deficit to balloon from 0.3% to 1.5% of GDP. Despite the recession and scarcity of funds in Belize, the IMF notes that the Government of Belize increased its spending and had a weak grant disbursement plan. The increased expenditure is puzzling to Belizeans, who have not seen any meaningful social or economic assistance from the Barrow Administration. With the poverty rate at 43% and unemployment rate
Barrow is living in a wonderland while Belizeans suffer from UDP haad times
at 23%, the socio-economic pressures faced by Belizeans are undoubtedly extreme. Yet Government has played no significant role in diminishing those pressures. This is why in its report, the IMF notes that “improvements in social indicators have been protracted”. Until Government’s expenditures support real social intervention, Belizeans will continue to feel hardships. The IMF expressed concern about the “weak” investment climate in Belize. The Barrow Administration has suffered tremendously with the expropriation of two public utility companies. The private sector was opposed to Government’s actions, and
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FORWARD with FRANCIS
Belize City, November 1, 2011 It was a day of extreme euphoria on October 29, 2011 as the PUP “Blue Tide” enveloped the Holy Redeemer Parish Hall. Some fifteen hundred (1500) persons, including Standard Bearers , Party Delegates, aspiring Mayoral and City Council/Town Candidates, and Party faithfuls from across all thirty-one constituencies had descended on the Parish Hall to witness the historic swearing-in of their new Party Leader, the Hon. Francis Fon-
seca. First to address the PUP multitude was the inimitable, Richard “Dickie” Bradley. Like a boxer coming out of retirement, the man knows as “Mr. Energizer” announced to the massive crowd of supporters that he was officially back under the “Blue Tent”. Needless to say, his announcement was met with a roaring applause. Knowing very well that the PUP has a lot of catching up to do, Dickie prodded the Party’s Standard Bearers
insisting to them that no more time can be wasted and that they must visit every home in their respective constituencies. Dickie went on to record his ringing endorsement of the Hon. Francis Fonseca as the New Leader of the PUP. This was followed by the endorsements of the New Leader by the Eastern, Southern, Northern and Western Caucuses presented by their respective Chairmen, Anthony Mahler (Standard Bearer, Caribbe-
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BARROW Running Scared Wednesday, November 2, 2011 Just as how he had no answers to the high crime and unemployment rates, Prime Minister Dean Barrow also had nothing to mouth off about his previous subtle indications of an early election today. While the Opposition People’s United Party was going through its transition phase, the UDPs were boasting about an easy win at the polls if they decided to call early General
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Hickory, dickory, dock…Mayor Elsa Paz thrown off her clock! See page 3
Raindrops
daughter gets off weed charge
Kristie Swan New PUP Leader Hon. Francis addresses over 1,500 supporters at Saturday’s special convention
See page 8