ANNOUNCEMENT 20 Jun 2011

In June 2011, the government of Belize announced altered domestic business conditions for foreign investors.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



Government of Belize. Speech to House on Introduction of Bill to provide for assumption of control over electricity supply by GOB in the public interest. Available at http://www.belize.gov.bz/public/Data/18211382471.pdf

Government of Belize. Government Condemns BCCI on Statement on BEL's Acquisition. Available at http://www.belize.gov.bz/public/Data/16241561471.pdf


Inception date: 20 Jun 2011 | Removal date: open ended
Still in force

FDI: Treatment and operations, nes

On 20 June 2011, the government of Belize took over the controlling stake in Belize Electricity Limited from Fortis.
 
The government justified the expropriation of the 70 percent stake held by the Canadian utility with the national interest.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A