The Board of the Central Bank of Belize has issued a statement reaffirming the bank’s legal governance framework and institutional integrity in response to what it described as misleading advertisements aimed at undermining confidence in the Governor and the institution. It said the Governor, as chief executive officer, does not act independently, but implements policies and decisions within a structure led and overseen by the Board of Directors and executive management. The statement says the Central Bank’s authority flows from Parliament through the Central Bank of Belize Act and other applicable legislation, and that it is misleading to present the Governor or any other functionary as solely responsible for decisions taken within the bank’s mandate. It also emphasized that any party, including a licensee, that is aggrieved by the Central Bank’s regulatory actions has access to due process through the courts. The Board said continued paid advertisements and personal attacks are not a proper route for resolving such grievances and may erode trust in Belize’s financial system, with broader implications for financial stability.
Central Bank of Belize 2026-04-28
Central Bank of Belize Board reaffirms governance framework and says decisions are made under collective oversight
The Central Bank of Belize Board reaffirmed the bank’s legal governance framework and institutional integrity in response to what it called misleading advertisements targeting the Governor and the institution. It clarified that the Governor operates within a Board-led structure established by the Central Bank of Belize Act and other legislation, and that grievances with regulatory actions should be pursued through the courts rather than paid advertisements, which the Board warned could undermine trust and financial stability.