7 News Belize

Hon. Elrington: Judgement Marks Sad Day For Country
posted (November 22, 2017)
Speaking about the CCJ decision today, former Attorney General Wilfred Elrington said that it is a sad day for the country:

Hon. Wilfred Elrington, Minister of Foreign Affairs
"Whenever we get judgments of that type it makes it that much more difficult for us to provide for the people of Belize the badly needed goods and services that we so depend on. We are already such an impoverished country most Belizeans don't understand the extent to which we as a nation rely on grants and loans just to survive from day to day when you get a decision of this type it will ultimately have a devastating impact on the ordinary poor Belizean citizen. It is a shame that these things are happening. It is a sad day for the country when you get decision of this type given against."

And while Ellington was moderate, others we have spoken to in the Barrow Administration are bitterly angry at the outcome and adamant that the 88.9, or 90 million cannot, in conscience, be paid - especially when government does not have ownership of the asset. Of course, it's a zero sum game, because one government refuses to pay the interest continues to accrue at the merciless rate of 17% compounded on a monthly basis.

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