Archive for April, 2008

World fuel price influences Belize

Friday, April 4th, 2008

On March 25, 2008, the Ministry of Finance informed the public that on March 22 a tanker of fuel arrived in Belize and reflected sharp increases in the acquisition cost of gasoline, kerosene and diesel.

In order to minimize the growth of pump prices, the Government of Belize has made a decision to absorb half of the increase in the price of gasoline, and to pass the other half on to the cost at the pump.

The new prices came into force on March 23, 2008.

The Government of Belize claimed that it has done everything fiscally feasible in order to absorb part of the increase in the fuel price while monitoring the the world market prices.

Belize Prime Minister visits Washington

Tuesday, April 1st, 2008

On March 21, 2008, Prime Minister Dean Barrow returned to Belize from a successful working visit to the USA.

During the visit, Barrow met with US President George W. Bush, with President of the Inter-American Development Bank Mr. Luis Alberto Moreno, and with Secretary General of the Organization of American States (OAS) His Excellency Jose Miguel Insulza.

The visit to the White House at an invitation President Bush to Prime Minister Dean Barrow, Prime Minister of the Bahamas the Honorable Hubert Ingraham, and Prime Minister of Barbados the Honorable David Thompson was the meeting for friendly discussions of President Bush and three prime ministers on issues related to democracy, trade relations, security, and tourism.

In the meeting with OAS Secretary General Insulza, Barrow thanked the OAS for its role in the Belize-Guatemala process, while Insulza expressed the full support of the OAS to democracy, security and governance initiatives in Belize. During discussions with the OAS Secretary General, Barrow reviewed hemispheric and international issues, and discussed projects and programs undertaken in Belize by the hemispheric organization. The Belize Prime Minister and the Secretary General also discussed economic development issues in Belize.