Much has been made of the 60 million US dollar Memorandum of Understanding which the Taiwanese Foreign Minister Dr. David Lee signed when he was in Belize. And why not? 60 million US is a lot of money - especially in lean times.
Observers have suggested all kinds of ways it could be used, but the Prime Minister told us on Friday, don't get too excited, it's part of a continuing budgetary support program which Belize gets every year:
Rt. Hon. Dean Barrow, Prime Minister
"That is the normal 4 year framework agreement that we have you know. The last one came to an end and so this is the new one. It's not any new money. It's exactly what we've been getting. It's just that as I said the last cycle ended and this is the new cycle."
The 60 million US dollars is programmed for four years.
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