7 News Belize

BELTRAIDE's New Chairman Resigns
posted (August 28, 2008)

Beltraide, that’s the agency with the responsibility to promote Belizean investment worldwide, but right now getting over internal troubles right here in Belize is proving too much to deal with. 7NEWS has confirmed that Chairman Jeffrey Locke has resigned his post. Representative of the American Chamber of Commerce Bill McKenzie has also reportedly resigned.

What’s behind it? We’re reliably informed that there are substantial differences if not open warfare between the Board of Directors and Executive Director Guadalupe Lima. CEO in the Ministry of Investment and Trade Sharmaine Hyde would only say that there are a cocktail of issues which started with the board being concerned about the management problems in Beltraide. Hyde conceded that there has been friction between the Board and the Executive Director.

Trade Minister Erwin Contreras told us that he has received but is not inclined to accept Jeffrey Locke’s letter of resignation. He hopes that some compromise for a way forward can be worked out at next Tuesday’s Cabinet meeting. Both Locke, whose name is much mentioned by the Prime Minister and Lima, who is from the Trade Minister’s division, were brought in with the new administration.

Home | Archives | Downloads/Podcasts | Advertise | Contact Us

7 News Belize