Current price-control regulations could discourage investment, reduce product availability and place smaller importers at a competitive disadvantage, the Belize Chamber of Commerce and Industry (BCCI) has warned. The BCCI, the country's leading private-sector advocacy organization, is calling on the Government of Belize to reverse the expanded price-control measures introduced in 2023, arguing that the framework—implemented during a period of exceptional global inflation and

The investigation into procurement at Belize's Ministry of Defence has largely focused on whether taxpayers paid too much for imported military boots. Jaime Marin, proprietor of the local manufacturer Umbraland, argues that the larger question is whether the Government is failing to use its own purchasing power to develop domestic industry. Mr. Marin points to Section 19 of the Fiscal Incentives Act, 2023, which provides that 20% of all government stores purchased and contrac

Transport costs continued to drive inflation in Belize, rising 13.6 percent in June compared with the same month last year as higher fuel prices, bus and taxi fares, and international airfares pushed the country's overall inflation rate to 4.6 percent. According to the Statistical Institute of Belize's latest Consumer Price Index (CPI) release, the Transport category remained the single largest contributor to inflation for the fourth consecutive month. Together with Food and