Belize’s OBRS receives a digital champion’s award

from the WSIS 2023

Continued from page 5 and implementation of the project including the Honorable Prime Minister John Briceno, the Ministry of Economic Development, the Ministry of E- Governance, the Economic Development Council, the Belize Trade and Investment Development Service (BELTRAIDE), the Belize Chamber of Commerce and Industry (BCCI), Elevate Consulting Ltd. and NRD Companies.” says Mr. Claude B.F. Haylock, FSC Director General, Registrar of Merchant Shipping & Registrar of Companies. Implementing the OBRS was a challenging yet rewarding process and is a major milestone for Belize as it sets up the foundation for the country's digital transformation. The project itself was championed by the Belize Financial Services Commission under the Ministry of Finance and the Belize Companies and Corporate Affairs Registry. Mr. Haylock added, “we would also like to pay tribute to other stakeholders that were key in the creation

Ministry of Finance Visits the Kingdom of Saudi Arabia

Hon. Christopher Coye, Minister of State in the Ministry of Finance, Economic Development and Investment, visited the Kingdom of Saudi Arabia, from March 6 to 9, accompanied by Mr. Pierre Bou Nahra, the Prime Minister’s Special Envoy for Trade and Investment to the Gulf States, including Saudi Arabia, and Mr. Rene Nunez, Lead Consultant in the Central Executing Unit of the Ministry of Economic Development.

Minister Coye was hosted by the Saudi Fund for Development (SFD), which finances priority development projects in developing countries on a concessionary basis. The minister met with Sultan A. Al-marshad, SFD’s CEO, and other representatives of the organization to discuss various priority public sector investment projects in health, energy, and infrastructure.

During his visit, the minister also met with Mr. Abdul Mohsen Al-Khalaf, Assistant Minister of Finance for Macro Fiscal Policies and International Relations, and other representatives of the Ministry of Finance. He briefed Mr. AlKhalaf on Belize’s application to gain eligibility to the World Bank’s International Development Association’s highly concessionary resources through the Small Island Economy Exception, emphasizing that due to its high vulnerabilities to climate and other economic shocks, Belize, like other small island economies, needs access to more affordable financing for development. Mr. Al-Khalaf pledged the Kingdom’s support for Belize on this matter.

Finally, Minister Coye met with Mr. Fahad Alnaeem, Deputy Minister of Sector Development of the Ministry of Investment; Mr. Hasan Mujeb Alhwaizy, Chairman of the Federation of Saudi Chambers; Dr. Naif A. Alshammari, Deputy CEO of the Saudi EXIM Bank; and numerous members of the Kingdom’s private sector with a view to exploring opportunities for private sector investment and trade between the two countries, particularly, in areas of tourism, agriculture, energy and nearshoring.

Sen. the Hon. Christopher Coye in the Ministry of Finance, Economic Development and Investment believes OBRS will transform the way businesses are registered in the country, improve transparency, pro-

25 SEP 2020 mote accessibility, and overall will improve the ease of doing business in Belize highlighting the country as an attractive jurisdiction.

Mr. Mindaugas Glodas, CEO of NRD Companies commented that “having been awarded a prestigious WSIS Champions prize is an extraordinary achievement for Belize and as a solution developer and implementer throughout the project, we are extremely happy for our client.”

Dr. Osmond Martinez, CEO in the Ministry of Economic Development congratulated the Commission, Director General, Mr. Claude Haylock, the project team, and staff for embracing digital innovation and for enabling a friendly and transparent environment for Belize’s business sector.

Ridge Lagoon Estate Area, Boom Road, Belize District

BY ORDER of the Mortgagee Messrs. The Belize Bank Limited, Licensed Auctioneers Kevin A. Castillo and Christiana R. Castillo is selling ONLINE via belizepropertyauctions.com the following property. Sale currently running until 30th April 2023. Within this period, a Public Auction Sale will expire fortnightly on the dates and times listed on the website until this property is sold.

Parcel No. 64 (36.526 acres) located south of Ridge Lagoon Residential Estate, Burrell Boom Road, Belize District, the freehold property of Mr. Francis Smith & Maria Smith/Messrs. BACAB Eco - Park.

TELEPHONE: 223-4488

Website: belizepropertyauctions.com

Email: kevinacas@yahoo.com

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