7 News Belize

Senate Debate CDB Loan
posted (July 2, 2020)

And going now to Belmopan, there was a Senate to debate those 4 loan motions that the Barrow Administration passed in the House of Representatives last Friday.

You'll remember that at that House Meeting last week, the Opposition was resisting some of these loan motions on several grounds. Among other complaints, they asserted that the Barrow Government's term in office is quickly coming to a close and that the Prime Minister should not be allowed to saddle Belizeans with more debt, while he is on the way out.

But, in the end, the majority had it, and those loan motions were passed by House.

So, the Senate had its opportunity to review them yesterday, and once again, these motions sparked fiery debate from parliamentarians in the upper chamber.

Here's the debate over the 30 million dollars that the government wants to borrow under the Caribbean Development Bank COVID-19 Emergency Response Support Loan. It will give government a break from debt service payments for exciting loans with the CDB, which may seem harmless enough, but, not so in the senate. Here's the debate

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