The Belize Chamber of Commerce and Industry (BCCI) is urging the Government to immediately strengthen financial controls over public procurement, arguing that many reforms can be implemented now without waiting for ongoing investigations or a broader review of procurement laws. In a June 29 letter to Prime Minister John Briceño, BCCI President Giacomo Sanchez said the recent procurement and payment-processing irregularities should serve as an opportunity to strengthen the sys

The world's principal institutions overseeing energy, finance, development and trade say the immediate shock from the Middle East war is easing, but warned that the global economy remains vulnerable and governments should remain prepared for further disruption. In a rare joint statement issued after a high-level coordination meeting on July 7, the heads of the International Energy Agency (IEA), International Monetary Fund (IMF), World Bank Group and World Trade Organization s

Prime Minister John Briceño convened the full Cabinet and chief executive officers for a special meeting on public procurement this week as the government continues to face scrutiny over procurement practices involving the Ministries of Home Affairs and Defence. The session was designed to review procurement best practices, legislative requirements and recurring weaknesses identified through government audits. The meeting featured presentations from the Financial Secretary, C