As we've been reporting, the Government of Belize says it won't pay the "funding and legal costs" put forward by the Ashcroft Alliance to settle the BTL acquisition. Those costs should come out of the 60% of the total award, which is the amount arising from the Accommodation Agreement. It's about 200 million Belize dollars,
but so is the final bill from the Ashcroft Alliance! And today the Financial secretary told the media, that they just can't pay it:...
Joe Waight, Financial Secretary - GOB
"The claim for their cost is about 95 million US dollars, leaving about 5 million dollars or so left. We are going to challenge that."
Jules Vasquez, 7News
"At the end of the day this figure they are claiming is in US dollars. 95 million is a quarter of the reserves or a third of the reserve roughly. We can't pay that."
Joe Waight, Financial Secretary - GOB
"We can't pay and even the order to pay, we can't pay. Let's not jump the gun. Let's see how the process runs."
Jules Vasquez, 7News
"Do you think it's an outrageous figure?"
Joe Waight, Financial Secretary - GOB
"Completely. We havent seen the details."
Jules Vasquez, 7News
"No breakdown has been given?"
Joe Waight, Financial Secretary - GOB
"Just a figure and that is strategy on their part I believe. Of course any court would want to see the breakdown."
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