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Government’s $73 million BEL share purchase draws scrutiny as Social Security weighs in
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Government’s $73 million BEL share purchase draws scrutiny as Social Security weighs in
By Breaking Belize News Staff (HP): The Government of Belize is moving to pump tens of millions of dollars into Belize Electricity Limited (BEL), and the plan is drawing political scrutiny over the price tag, the source of the money, and whether the Social Security Board (SSB) will be expected to help cover it. Under the proposal, the government would acquire just over 8.1 million shares in BEL at $9 each, amounting to roughly $73 million. Prime…
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