AGP Executive Report

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Belize River Fish Kill Probe: The Department of the Environment says it’s investigating the Belize River Valley die-off after visual checks and water testing found extremely low dissolved oxygen plus spikes in conductivity, chlorophyll-a and turbidity along a 17.5-mile stretch between Isabella Bank and Grace Bank; samples from river water, drainage areas and fish/sediment are now headed for lab analysis. Business & Banking Tech: Belize Bank signed a six-year partnership with Backbase to roll out an AI-native digital banking operating system for both retail and business customers, aiming to streamline onboarding and cash-flow visibility. Telecom Governance Clash: Belize’s telecom sector remains in turmoil as social partners and the Chamber call for Speednet/Smart acquisition concerns to be independently reviewed and disclosed, while the PUC’s regulatory role is under scrutiny. Procurement Integrity Debate: The Belize Chamber flags questions around government payments tied to relatives of former Cabinet minister Oscar Mira, and says raising the procurement threshold won’t stop abuse if enforcement and approvals aren’t followed. SME Support in Dangriga: The National MSME Roadshow brought business training and a Buy Belizean Expo to Dangriga, with more stops planned including Belize City. Public Sector Modernization: Cabinet approved an IDB US$8m loan to improve efficiency of the wage bill and strategic public employment, plus updates to electric bus investment plans.

Telecom Deal Watch: Belize Telemedia (BTL) moved ahead with plans to buy Smart’s parent Speednet for about US$80m, but the fight is far from over as the Public Utilities Commission review and due diligence continue—while opposition and social partners demand a halt, more disclosure, and independent scrutiny over competition, valuation, governance, conflicts of interest, and consumer impact. Regulatory & Political Fallout: Opposition Leader Tracy Panton and UDP/union allies staged protests and a Senate walkout tied to the Speednet vote, while the Belize Chamber of Commerce says the transaction is becoming a foregone conclusion but still urges public pushback if it breaches the Telecommunications Act. Environment Under Pressure: The Belize River Valley fish kill investigation continues; the Department of the Environment is collecting water and fish samples amid unconfirmed claims of industrial waste contamination, and residents are urged not to consume affected fish. Aviation & Cybercrime: Cabinet approved a new aviation security surcharge and amendments to the Cybercrime Bill, including a requirement for the DPP’s written consent before prosecution. Banking Modernization: Belize Bank signed a six-year alliance with Backbase to roll out an AI-native banking operating system for retail and business customers. Sugar Sector Update: Prime Minister John Briceño met sugar stakeholders on the mealybug infestation and updates to CRESAP and BAC-SuF projects. Public Finance Moves: Cabinet approved an IDB US$8m loan to improve the efficiency of the wage bill and a revised plan to invest in electric buses and charging infrastructure.

Telecom Shockwaves: Belize Telemedia’s board has moved ahead with an $80m plan to buy Smart’s parent Speednet, but the deal is still subject to due diligence and the Public Utilities Commission’s review—while social partners and the opposition are demanding an immediate halt and more transparency on competition, valuation, governance, conflicts of interest, and consumer impact. Regulatory & Governance Pressure: The Belize Chamber of Commerce says the transaction may be a foregone conclusion, yet insists the public-interest guardrails and consultation were lacking; UDP leader Tracy Panton is urging the PUC to act independently and transparently. Public Sector Moves: Cabinet approved an IDB US$8m loan to improve the efficiency of the wage bill, and a shift toward electric buses and charging infrastructure for the National Bus Company. Aviation & Cybercrime: A new aviation security surcharge of $10 per departing passenger was approved, alongside amendments to the Cybercrime Bill clarifying offences and requiring DPP written consent before prosecution. Environment Watch: Investigations continue into the Belize River fish kill, with the DOE collecting samples amid unconfirmed claims of industrial waste contamination. Sugar Sector Update: PM Briceño met stakeholders on the mealybug infestation, including CRESAP and BAC-SuF support for farmers.

Telecom Merger Push: Belize Telemedia (BTL) moved ahead with plans to buy Speednet/Smart, with the BTL board approving 100% of Speednet shares while insisting the BZ$80m price would be repaid from Speednet’s operating cash flows—yet the Public Utilities Commission still has to weigh in, as unions, the Belize Chamber of Commerce and the Opposition warn about competition, transparency, and possible legal issues. Parliamentary Protest: Independent senators walked out of the Senate in protest of the Speednet acquisition, adding pressure as the UDP calls for urgent review and more clarity on value for money and due diligence. Public Consultation Fight: Social partners say earlier consultation on the BTL/Speednet deal was insufficient and “seller-driven,” and they’re regrouping to share information with members before deciding next steps. Cabinet Approvals: Cabinet protected 17,000 acres at Turneffe in perpetuity via a conservation trust, approved a revised BZ$20.9m electric bus investment, and backed other governance and reform measures. Environment Watch: Belize River Valley residents report a major fish kill; the Department of the Environment is testing water quality and investigating possible causes, while communities are advised not to consume fish or use river water. Sugar Sector Update: The Prime Minister met sugar stakeholders on the mealbug infestation and received updates on CRESAP and the BAC-SuF project funded by the Green Climate Fund. Education & Jobs: Galen University and Transparent BPO partnered with Corazon Creek Technical High School to expand higher education and employment pathways, including work-study opportunities. Public Safety Scam Alert: Police warned of a fraudulent text scam about fake traffic violation notices and urged people to verify through official channels.

Belize River Valley Fish Kill: Residents report scores of dead fish and other aquatic life along the Belize River, with darker water, algae buildup, and sludge-like material spotted at Labour Creek; the Department of the Environment is testing water quality and has not confirmed the cause, but locals are being advised not to consume fish or use river water while investigations continue. BTL-Speednet/Smart Deal Backlash: As BTL’s board approved a 100% acquisition of Speednet, unions, the Belize Chamber of Commerce, and opposition senators staged protests and walkouts, arguing the process lacks transparency, sufficient consultation, and proper regulatory safeguards; the Chamber is calling for an immediate halt and a full five-year audit before regulators move forward. Public Sector & Business Moves: UB is expanding selected online classes and adding sections after registration complaints, while Galen University pushes MBA applications for a September intake with fully online delivery and local-focused pricing. Policy & Governance: The Occupational Safety and Health Bill returned to the Senate with multiple amendments after consultations, and the Development Finance Corporation is set to be renamed the “Development Bank of Belize” under a rebranding bill. Cyber Warning: Police warn of a fake traffic ticket scam circulating via text and websites, urging people to verify through official channels.

BTL-Speednet/SMART Fallout: Belize Telemedia’s board has approved a proposed 100% acquisition of Speednet, but the deal is already triggering major pushback—unions, the Belize Chamber of Commerce, and opposition senators staged protests and walkouts, while BTL says the $80m investment would be repaid from Speednet’s cash flows and is subject to due diligence and final contract review. Senate Showdown: Independent senators walked out in protest of the Speednet acquisition, as lawmakers demanded transparency and clearer regulatory review. Social Security Board Angle: Reports say the Social Security Board has moved toward support via a “no objection” route, though no official confirmation has been issued. Public Safety Scam Alert: Police warned of a fake traffic ticket text scam that directs people to pay via a lookalike website—residents are urged not to click links or share vehicle or personal details. Environment Watch: A fish kill in the Belize River Valley has prompted Environment Department water-quality testing, with residents advised not to consume fish or use river water until results are out. Education & Skills: Galen University and Transparent BPO are partnering with Corazon Creek Technical High School to expand higher education and job pathways, while UB is fixing registration issues by adding online course sections and increasing enrollment limits. Policy Moves: The Occupational Safety and Health Bill returned to the Senate after years of consultation, and the Development Finance Corporation is set to be rebranded as the “Development Bank of Belize.”

BTL-Speednet/SMART Turmoil: Belize Telemedia’s board approved the 100% acquisition of Speednet (SMART) for about BZ$80 million, but the deal is already triggering political and business pushback, including a Senate walkout by independent senators and protests outside BTL headquarters demanding transparency and competition safeguards. Regulators & Transparency Pressure: The Belize Chamber of Commerce is calling for an immediate halt, warning the merger could create a state-backed monopoly and urging a full five-year audit before regulators move. Senate & Labour Response: Opposition and unions say due diligence and disclosure have been insufficient, while the Public Service Union also weighed in on related governance concerns. Environment Watch: Residents in the Belize River Valley report a massive fish die-off and are being told not to consume fish or use river water while the Department of the Environment tests water quality to identify the cause. Public Safety Scam Alert: Police warn of a fake traffic ticket text scam that uses official branding to lure people to pay online. House Rebrand Debate: The Development Finance Corporation is set to be renamed the “Development Bank of Belize,” sparking heated debate in the House over whether branding alone addresses public trust issues. Regional Energy Push: IRENA opened a funding call for renewable energy projects across Central America and the Caribbean, including Belize. Crime & Courts: Two men pleaded not guilty in a $160,000 robbery case tied to Alfaro’s Construction in San Pedro, while police continue investigations into other violent incidents.

Telecom Ownership Row: Briceño family minority shareholders in Speednet Communications denied selling SMART shares to Lord Michael Ashcroft, calling the claim “false and misleading” and warning of legal action. Education & Enrollment: The University of Belize moved to fix a registration crisis after student complaints, expanding online course limits, adding sections, extending add/drop to Aug. 18, and guaranteeing placement for qualifying final-year students. Telecom M&A Pushback: The Belize Chamber of Commerce is urging the government to halt BTL’s proposed Speednet buyout, warning it could create a state-backed monopoly and calling for a full five-year financial audit before regulators act. Public Finance Oversight: Opposition Leader demanded a fair, transparent audit of the Defence Ministry, while the PM responded amid broader political sparring over accountability. Renewables Funding: IRENA opened a funding call for renewable energy projects across Central America and the Caribbean, prioritizing proposals before Sept. 1. Tax Reform: Prime Minister introduced a Revenue Authority Bill to transform the Belize Tax Service into a semi-autonomous revenue authority, aiming for better staffing and specialized tax enforcement. Maritime Energy Transition: An IDB study says the Bahamas is among the most ready Caribbean ports for shore-side power and green fuel bunkering, though infrastructure gaps remain. Safe Third Country: Belize confirmed the first transfers under the US Safe Third Country Agreement, with eight individuals moved in July. Crime Update: Police are investigating the fatal shooting of an 18-year-old in Belize City allegedly linked to a gold chain. Business/Trade Tech: Belize’s Economic Transformation minister visited Taipei 2026 to explore AI and Taiwan’s tech ecosystem. Youth & Governance: 35 young women completed a Girls in Governance Leadership and Art Empowerment Camp in Belmopan, building leadership and entrepreneurship plans.

Renewables Funding: IRENA opened a funding call for renewable energy projects across Central America and the Caribbean, including Belize, with support routed through the Climate Investment Platform and Energy Transition Finance Accelerator and a Sept. 1 priority deadline. Maritime Decarbonization: An IDB study says no Caribbean port is yet offering full shore-side power or green fuel bunkering, but it flags the Bahamas (and Barbados) as relatively advanced—while Belize is included in the readiness assessment. Tax & Revenue Reform: Prime Minister John Briceno introduced the Revenue Authority Bill to transform the Belize Tax Service into a semi-autonomous revenue authority, aiming for better staffing and specialized tax enforcement. Public Service Modernization: The government says a civil service modernization loan from the IDB will improve workforce planning and digital controls, while ruling out retrenchment. Trade Licensing Goes Digital: Belize launched TRALMA to digitize trade licensing nationwide, moving applicants to online status checks, payments, and QR-code licences. Business & Competition: The Belize Chamber of Commerce is calling for an immediate halt to BTL’s proposed Speednet buyout, warning it could create a state-backed telecom monopoly. Safe Third Country: Belize confirmed first transfers under the US Safe Third Country Agreement, with eight individuals moved in July. Crime & Courts: Two men pleaded not guilty in a $160,000+ Alfaro’s robbery case tied to San Pedro.

Tax Reform: Prime Minister John Briceno introduced the Revenue Authority Bill to transform the Belize Tax Service into a semi-autonomous revenue authority (SARA), aiming for better staffing and specialized tax enforcement. Digital Governance: The Ministry of Rural Transformation launched TRALMA and CPIS to digitize trade licensing and local community profiles, moving applicants toward online status checks, payments, and QR-code verifiable licences. Public Service Modernization: Public Service Minister Henry Charles Usher backed an IDB-funded civil service modernization loan, stressing no retrenchment while improving workforce planning and digital systems. Business & Compliance: The High Court ordered Brad’s Gaming to pay more than $5m in back business taxes, with the government saying the Tax Service found arrears after reviewing contract clauses. Energy & Cost Pressures: Belize Electricity Limited reported load shedding after reduced power supply from Mexico, with hot-season demand cited as a key risk. Trade & Migration: Belize received the first transfers under the US Safe Third Country Agreement, with eight individuals moved in July. Health & Community: UNICEF and CCCCC signed a five-year pact to make climate action more child-sensitive across the Caribbean, including Belize. Tourism & Lifestyle: Forbes named Belize among top Latin American retirement destinations for Americans in 2026, highlighting cost and healthcare factors.

Tax Reform: Prime Minister John Briceno introduced the Revenue Authority Bill to transform the Belize Tax Service into a semi-autonomous revenue authority (SARA), aiming for better staff management and stronger tax administration with CARTAC support. Digital Government: The Ministry launched TRALMA and CPIS to digitize trade licensing and local community profiles, enabling online applications, payments, status tracking, and QR-code verifiable licences. Public Finance & Jobs: Public Service Minister Henry Charles Usher said retrenchment is off the table while a Support to Civil Service Modernization Project moves forward with an IDB loan, targeting better workforce planning and digital HR controls. Education Costs: Belize Tax Service confirmed GST-free Days for back-to-school laptops on Aug. 15 and Aug. 29, limiting the concession to one laptop per customer per day. Health Policy: The Tobacco Control Bill advanced to second reading with broad support, including rules covering e-cigarettes and flavoured products to protect minors and non-smokers. Immigration/Border: Belize received its first transfers under the US Safe Third Country Agreement, with eight individuals moved in July after required reviews. Energy Disruptions: Load shedding hit parts of Belize after reduced electricity supply from Mexico affected available power. Crime: Two San Pedro men accused in a March 2025 daylight robbery pleaded not guilty and were adjourned to Oct. 2.

Forest Policy & Timber: A new piece argues that Belize can protect forests while still harvesting timber through scientific, sustainable forest management—aiming to slow reserve loss driven by farming, ranching, and unsustainable logging. Tax Reform: Prime Minister John Briceno introduced the Revenue Authority Bill to transform the Belize Tax Service into a semi-autonomous SARA, with staff management and specialized tax skills as key goals. Public Finance & Wages: Public Service Minister Henry Charles Usher says retrenchment is off the table while a Support to Civil Service Modernization loan is debated, targeting better workforce planning and personnel cost control. Trade & Business Digitization: Belize launched TRALMA to digitize trade licensing, enabling online applications, payments, status tracking, and QR-code verifiable licences. Safe Third Country: Belize received the first transfers under the US Safe Third Country Agreement, with eight individuals moved in July after required reviews and clearances. Energy Disruptions: Belize Electricity Limited reported load shedding after reduced power supply from Mexico, with hot-season demand cited as a pressure point. Tourism & Lifestyle: TTW unveiled a 2026 ranking of the Americas and Caribbean’s top beach destinations, with Mexico leading.

Tax Reform: Prime Minister John Briceno introduced the Revenue Authority Bill to transform the Belize Tax Service into a semi-autonomous revenue authority, aiming for better staffing and specialized tax administration with CARTAC support. Business Compliance: The High Court ordered Brad’s Gaming to pay more than $5 million in back business taxes, with the government saying the action followed tax arrears found by the Tax Service. Public Sector Modernization: Minister Henry Charles Usher pushed back on retrenchment fears while defending an $8m-US IDB loan for civil service modernization focused on workforce planning and digital upgrades. Digital Trade & Licensing: Belize launched a digital trade license system (TRALMA) to digitize municipal trade licensing, payments, and QR-code verifiable licences. Back-to-School Relief: GST-free laptop days are set for Aug. 15 and Aug. 29, with one laptop per customer and compliance checks for retailers. Education Overhaul: A new TVET Bill would replace outdated rules with an industry-led national training authority. Health & Regulation: The Tobacco Control Bill advanced to second reading with broad support, including rules covering e-cigarettes and flavored products. Energy Disruptions: Belize reported load shedding after reduced electricity supply from Mexico. Crime: Two San Pedro men accused in a March 2025 robbery at Alfaro’s Construction pleaded not guilty and were adjourned to Oct. 2. Diplomacy: Belize partially waived Kennedy Carrillo’s diplomatic immunity so Canadian police can proceed with an alleged domestic dispute investigation.

Tax Reform: Prime Minister John Briceno introduced the Revenue Authority Bill to transform the Belize Tax Service into a semi-autonomous SARA, aiming for better staffing and specialized tax administration with CARTAC support. Court & Revenue: The High Court ordered Brad’s Gaming to pay more than $5 million in back business taxes, with the government saying the action followed tax arrears found by the Tax Service. Public Service Modernization: Minister Henry Charles Usher said a civil service modernization loan from the IDB won’t mean retrenchment, focusing instead on workforce planning and digital upgrades. Business Licensing Digitization: TRALMA and CPIS were launched to move trade licensing and community profiles online, enabling cashless payments, QR-code licences, and fewer lost files. Education & Skills: A TVET overhaul bill would replace outdated rules with a modern, industry-led national training authority, while GST-free laptop days are set for Aug. 15 and Aug. 29. Energy Disruption: Belize Electricity Limited reported load shedding after reduced power supply from Mexico. Public Health Law: The Tobacco Control Bill advanced on second reading with broad bipartisan support, including rules covering e-cigarettes and flavored products. Diplomacy & Compliance: Belize partially waived Kennedy Carrillo’s diplomatic immunity so Canadian police can investigate an alleged domestic incident. Regional Spotlight: OECS and Dominica assumed the CARICOM Group chairmanship in Geneva, with Belize among the missions represented.

Tax Reform: Belize’s Revenue Authority Bill was introduced to shift the Belize Tax Service toward a semi-autonomous revenue authority, aiming for more specialized tax management as staff and business groups raise concerns. Court & Revenue: The High Court ordered Brad’s Gaming to pay more than $5 million in back business taxes, with the government saying the arrears were identified through the tax service’s review. Public Finance Oversight: Auditor-General Maria Rodriguez pushed for greater independence and oversight capacity, including a proposal to publish audit reports independently and reduce delays tied to missing financial statements. Justice & Crime: Two San Pedro men accused in a $165,000 daylight robbery pleaded not guilty; the case was adjourned to October 2. Local Business & Regulation: Liquor licensing reform is underway through nationwide consultations, while the forensic lab is set to halt alcohol testing for minor public drinking offences from October 1. Diplomacy & Compliance: Belize partially waived Kennedy Carrillo’s diplomatic immunity so Canadian police can investigate an alleged domestic incident. Trade Facilitation: Belize launched development of an electronic single window for trade to streamline cross-border processes. Tourism & Jobs: The Belize Hotel Association and Sagicor launched a group life and medical insurance plan for hospitality workers at association rates. Humanitarian & Migration: Belize received a second group under the US Safe Third Country Agreement, with security checks and case-by-case acceptance.

Trade & Business Modernisation: Belize launches development of an electronic single window for trade, aiming to streamline cross-border processes and cut friction for importers and exporters. Public Oversight & Governance: Auditor-General Maria Rodriguez pushes for greater independence to publish audit reports without waiting on years of missing financial statements, while also defending her office’s autonomy amid political controversy. Justice & Enforcement Costs: The National Forensic Science Service will halt alcohol testing for minor public drinking offences from Oct. 1, citing backlog pressure and low returns on expensive equipment use. Regulatory Reform: Government begins nationwide consultations on Liquor License Reform to modernize the Intoxicating Liquor Licensing Act and clarify categories and fees for license holders. Diplomacy & Risk: Belize partially waives Kennedy Carrillo’s diplomatic immunity so Canadian police can proceed with a domestic incident investigation. Hospitality Workforce Benefits: Belize Hotel Association and Sagicor roll out a group life and medical plan for hospitality workers at association rates. Climate & Children: UNICEF and the Caribbean Climate Change Centre sign a five-year MoU to put child-centred climate action at the core of regional adaptation and disaster risk reduction. Land & Environment: New land-record reporting says Mennonite communities are reshaping Belize’s forests through collective land acquisition structures, raising concerns about deforestation impacts.

MV Barima Inquiry: Guyana swore in a five-member Commission of Inquiry into the MV Barima ferry tragedy, chaired by Belize’s Justice Godfrey Phillip Smith, with President Irfaan Ali pledging administrative, technical and financial support; the ceremony was streamed online and Ali avoided local press briefings. Hospitality Insurance Deal: Belize Hotel Association and Sagicor launched a group life and medical insurance plan for member hotels, aiming to give workers corporate-grade coverage at exclusive rates. Climate-Child Protection: UNICEF and the Caribbean Community Climate Change Centre signed a five-year partnership to put children at the centre of climate adaptation and disaster risk reduction. Business & Courts: Belize’s High Court ordered the Firearms and Ammunition Control Board to reconsider unlawful license refusals and pay damages in a gun-dealer case, while another ruling requires Brad’s Gaming to pay $5m in tax and costs. Immigration/Processing: Belize expects another group under the US Safe Third Country Agreement, with security checks and screening before acceptance. Education & Culture Grants: Belize Culture Fund opens grant applications for arts and heritage projects, and Belize Bank awarded scholarships to 16 students while weighing an expanded sixth-form programme.

Hospitality Insurance Deal: Belize Hotel Association and Sagicor launched a group life and medical insurance plan for eligible member businesses, aiming to bring corporate-grade coverage to hospitality workers and families at exclusive rates. Climate-Child Protection: UNICEF and the Caribbean Community Climate Change Centre signed a five-year MoU in Belmopan to put children at the centre of climate adaptation, disaster risk reduction, and resilient social services. Regional Business Leadership: CariCham elected Kiran Maharaj as new Chair, with Vanessa Victorin and Gino Naarden as Vice-Chairs, pledging trade facilitation, advocacy, member value, and disaster risk reduction for a network representing 100,000+ businesses. Belize-Taiwan Economic Links: Deputy Foreign Minister Chen Ming-chi hosted Belize’s Osmond Martinez and ETM CEO Carlos Pol in Taipei, highlighting cooperation on Blue Bonds, carbon credits, smart agriculture, sustainable tourism, and public health. Regulatory Court Setback: Belize’s High Court scolded the Firearms and Ammunition Control Board over unlawful license handling, ordering reconsideration and damages in the Lock N Loaded case. Tax Ruling: High Court ordered Brad’s Gaming to pay over $5m in tax and costs after dismissing its challenge to retroactive assessments. Safe Third Country Arrivals: Another group of foreign nationals is expected to arrive under the Belize–US Safe Third Country Agreement, with vetting and screening before processing. Education & Skills: Belize Bank awarded 16 scholarships and is considering expanding its sixth form programme; ITVET culinary students marked graduation with a fine dining showcase. Culture Grants: Belize Culture Fund opened grant applications for arts and heritage projects, including digital and living heritage categories.

Sports & Recognition: Minister of State Devin Daly defended how Belize’s volleyball team was received on return, saying the parade and a dinner token were handled properly and that more support may be explored beyond small personal contributions. Football Governance: CONCACAF VP Sergio Chuc (Belize) questioned FIFA’s plan to sell up to 20% equity in the World Cup via a new US$20bn subsidiary, saying proper channels weren’t followed and more information is needed. Judicial Oversight: The High Court scolded the Firearms and Ammunition Control Board for unlawful license handling and ordered reconsideration, while also ruling Brad’s Gaming must pay $5m in tax and costs. Public Finance & Regulation: Belize City Council defended a proposed $46m municipal bond as re-profiling existing debt plus some new investments; meanwhile, the three financial regulators launched a shared sanctions tracking system, and the FSC opened consultation on a Digital Assets Bill. Business & Skills: Belize Bank awarded 16 scholarships and is considering expanding sixth-form support; ITVET culinary students showcased fine dining; the National Ozone Unit offered 12 refrigeration scholarships. Culture & Community: Belize Culture Fund opened grant applications for arts and heritage projects. Migration & Border: Another group of foreigners is expected to arrive under the Belize–US Safe Third Country Agreement, with vetting and checks before processing.

Education & Youth Investment: Belize Bank awarded scholarships to 16 students nationwide and says it is considering expanding its Sixth Form scholarship programme next year, framing the support as an “investment” in students, families and the country. Skills & Jobs Pipeline: The National Ozone Unit is offering 12 full refrigeration and air-conditioning scholarships for 2026–27, with at least four spots reserved for women to boost participation in a traditionally male trade. Municipal Finance: Belize City Council is defending its plan for a proposed $46 million municipal bond, with the Deputy Mayor saying it mainly reprofiles existing debt into longer-term financing while still adding some new capital for upgrades ahead of March municipal elections. Politics & Transparency: A UB/BELPRI study estimates political campaigning could cost up to $75 million over five years, while regulators move to share sanctions-tracking data across the Central Bank, FIU and FSC. Digital Assets Regulation: The Financial Services Commission has opened public consultation on a proposed Digital Assets Bill, 2026, aiming to set rules for crypto and blockchain services, protect consumers and curb market abuse. Trade & Diplomacy: Belize’s Minister of State Osmond Martinez and ETM CEO Carlos Pol are in Taiwan to deepen cooperation across sectors including infrastructure, health, training and AI-related initiatives. Business & Investment Zones: Corozal Commercial Free Zone marks 31 years, citing 333 businesses and 3,000+ jobs as key drivers of northern Belize’s economy. Public Safety & Infrastructure: The National Fire Service is moving closer to a permanent headquarters near Eleanor Hall, with land identified and funding being sought.

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