Belmopan | 10th February 2016

PRESS RELEASE “Social Security Board Investment of the People’s Trust Fund”

Whereas, the Belize Progressive Party recognizes the importance of investing the people’s Social Security trust fund wisely, for maximum returns; and

Whereas, the BPP stands in full support of providing affordable financing for the productive sector; and

Whereas, we acknowledge the importance and role of Foreign Direct Investments (FDIs) in our economy; and

Whereas, the Social Security Board through its Chairman, Mr. Doug Singh, has acknowledged that the people have a right to know how their money is being invested.

The BPP calls for full disclosure on the performance of all SSB loan and investment portfolios on a quarterly basis, as is the standard practice by lending institutions.

The BPP, in particular, calls on the SSB and all its duly authorized boards, committees, departments and sections to provide full disclosure on the loan, that according to Mr. Singh, is currently being contemplated to Santander Farms.

In respecting the people’s right to know how their money is being invested, it is even more important that the people know how those investments are performing on a timely basis.

END OF RELEASE

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