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NTUCB supports Government’s Recovery of IMMARBE and IBC registry Print E-mail
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Thursday, 20 June 2013 00:00

The National Trade Union Congress of Belize (NTUCB) issued a press release on Monday ,June 17th supporting Government's decision to take control of the International Business Companies Registry and the International Merchant Marine Registry of Belize (IMMARBE).


In its release, the NTUCB expressed that the "move is both bold and necessary" and continues expressing concern that the takeover will attract litigation, "but we deem it a necessary one taking all national and international implications into consideration; given that the EU has already blacklisted Belize thus jeopardizing our trading and export potential, the government's take back of the registries is undoubted necessary."

The release then goes on to express that "the Government of Belize has a fiduciary responsibility to safeguard our economic interests. This current undertaking can be described as no less than such; since the registries of Belize are definite revenue generators, our country can ill afford to go without." And while the NTUCB is supportive of the action, it also asks that the public be informed of the takeover process in a timely manner.

The release then calls out on the PUP to "come clean to the Belizean people and release any and all other secret documents/agreements that may be lurking therein. As the duly elected opposition of Belize, you have a responsibility to all Belizeans to do so!" The release then ends by asking that a Senate Select Inquiry be held into the secret agreement. 

The release was prompted after the Prime Minister, Hon. Dean Barrow exposed yet another secret agreement signed by Said Musa and Francis Fonseca which gave illegally gave Belize International Services Limited (BISL) a contract to operate IMMARBE and the International Business Companies Registry up to 2020. The duo had illegally extended a contract that should have expired in June of 2013 for 7 years without the knowledge of the then Cabinet or the House of Representatives.

It was not until the Government of Belize wrote BISL telling them that the contract had expired that the company furnished the Government with the secret agreement.