On June 20, the government of Belize expropriated the 70 percent ownership interest in the Belize Electric Company (BEL) held by the shareholder-owned, Canada-based energy giant Fortis. Belize Electric Company Limited (BECOL), a hydroelectric business that Fortis also owns, has not been expropriated—yet. Fortis has invested more than $400 million …
Although Belize has made some progress on its Index of Economic Freedom score in the past few years, recent actions by the government of Prime Minister Dean Barrow and the supermajority his United Democratic Party enjoys in Parliament may have put that progress at risk. Belize is increasingly wracked by …
