Tropical Greetings and COVID Belize Updates
Posted by David Kafka on 04/24/2021 11:19 AM
Tropical Greetings from Belize!
A lot of exciting stuff has been going on in Belize lately, so I wanted to give a brief update on what’s going on in paradise.
Let’s get the COVID numbers out of the way... Belize is still doing an excellent job at keeping numbers low. At the time I wrote this newsletter, we have ONLY 52 active cases in the whole country. There are NO patients in the Belize COVID unit.
Here are the latest rules for travel:
I suggest always visit the Belize Tourism Board’s website for more information. There are many places you can get a COVID test while here to return to your country of origin.
So, we are open, and Belize is starting to book up for spring break trips. I keep hearing everyone say how safe they feel and how warm it is here.
The land borders are STILL CLOSED.
Exciting new flights arriving and resuming service...here is the list:
In other exciting news, the Hopkins Road where the new pavements end by the Garimaya Gift Shop will be paved just over a mile toward all the resorts, and work continues to be progressing on the paving of the Coastal Highway.
REEF Health News: Healthy People’s Eco-Audit scored the Mesoamerican Reef a remarkable 70% score for its implementation of recommended management actions that serve as healthy reef indicators.
Environmental News: We always share the good, the bad, and the ugly. This is some good and some not so good. There was “a research conducted by the University of Texas at Austin who used NASA satellite images and machine learning that “have mapped changes in the landscape of northwestern Belize over a span of four decades, finding significant losses of forest and wetlands, but also successful regrowth of forest in established conservation zones that protect surviving structures of the ancient Maya.” (comes from Belize Breaking News)
Monetary News: Since tourism is down by 72% in 2020 mostly due to COVID, Belize needs to restructure the debt of the Super Bond. If we fail to restructure the debt, we could be faced with a $111,000,000+ penalty. The IMF is supporting the need to get the Super Bond restructured. Tourism accounts for 60% of our foreign exchange to receive USD and about 40% GDP. So just like everywhere in the world, things need to be restructured. The payment we need to make is around $13M USD. The restructure is critical as well for the credit rating for Belize.
Our Central Bank can print Belize dollars, but we can’t print USD like the Central Bank in the USA. I wonder if Belize can ask for a stimulus check from the U.S. administration since they are printing so much money!
Let’s meet and catch up when you come to visit.
Until next week, stay safe!