And, the PM says Ashcroft's reference to Waterloo Investment Holdings Limited as the owner of both British Caribbean Bank Limited and Private Investment Limited, is reason enough to give the government pause to reflect on the Belize Bank's acquisition of Scotiabank Belize:
Rt. Hon. Dean Barrow- Prime Minister
"It strikes me that the Government's position in terms of for example the proposed acquisition of Scotia Bank by the Belize Bank is something that this Government will have to take a formal stand on. If the Belize Bank and the if the merger goes through, Scotia bank together with Belize Bank, the new super size, the expanded Belize Bank, is owned by a company that according to the good Lord will immediately trigger some recourse to the Belize-UK bilateral investment protection treaty, if Belize, presumably by way of the regulator, does anything ultimately not to the liking of that new supersized entity. Is not that sort of thing cause of a pause?"
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