And that stalled Lake I Resource Center may be a victim of just the kind of "SNAFU" common to so many government systems in Belize. And those types of difficulties, where there are no predictable outcomes from government processes, are part of the reason Belize cannot move up on an important index. It's called "The Ease of Doing Business" - compiled annually by the World Bank - and Belize has been stuck at around 120 and falling for many years now.
Today at the Press Conference, the CDB's Director of Economics said it is a region wide problem:
Dr. Justin Ram, Dir., Economics - CDB
"It is important for us for policy makers to have dialogue with the private sector about what improvements are needed so that we can see the spirit with respect to private sector growth. So there have been improvements in some of our countries, but there are still long way to go for many of them. One indicator of this is really the ease of doing business indicator as published by the world bank every year. Ten year ago an average our borrowing member countries have an ease of doing business rank about 81 out of 181 countries globally. The last doing business report has shown that we have decline significantly to now have an average ranking to about 126 out of 191 countries. So we've been moving in the wrong direction."
At #75, Jamaica is the highest ranked Caribbean Country. At 182, Haiti is the lowest ranked.
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