The
little-reported civil
disturbances in one of
the world's smallest
English-speaking countries,
Belize, resulted in the
nearly complete collapse
of its telecommunications
infrastructure. However,
it was days before outside
news agencies noticed
that the country had
vanished from the telecommunications
map.
Local
newspapers in Belize,
with none of them dailies,
said that the country
awoke on Friday, 15
April, and found there
was no telephone service,
and no internet.
That
meant, among other
things, no connection
to global systems of
credit and banking,
forcing merchants back
onto systems of trust
without verification.
According
to a major London newspaper, "only a few internet cafes with satellite connections provide a tenuous link to
the outside world."
Local
news media in the tiny
Commonwealth country
(population 266,000)
are coping with varying
degrees of partial
success in putting
news online, but the
situation is chaotic.
Had
it happened to state
similar in size, such
as Rhode Island, there
would have been considerable
attention brought to
bear. But what has
happened in Belize
has been lost in news
dominated by the death
of the Pope, and a
host of other front-burner
topics.
Belize's
situation hasn't even
rated a mention on
BBC, let alone any
networks in the U.S.,
and has received scant
attention from wire
services.
In
fact, it was Monday
evening before the
first international
news agency, Associated
Press, reported the
trouble
In
February, Belize Telecommunications
Limited (BTL)L, a private,
American-owned company,
was seized by the government,
setting off a chain
of events that led
to the disruption of
service and much of
the civil disorder
taking place on the
streets of the country's
cities.
Immediately
before the sabotage,
an U.S. federal judge
ruled that the government
of Belize, which had
sold BTL to the American
investors, would be
fined $50,000 per day
until it handed the
company over. The ruling
was retroactive to
March 29. In all, the
government now faces
fines heading rapidly
toward the $1 million
mark in the lawsuit.
The
question on everyone’s
mind is: What happened?
Local
news agencies reported
that service had been
brought down by acts
of sabotage from workers
at BTL.
Services
from a minor player,
Speednet, also went
down following the
collapse at BTL.
The
government flew in
Nortel engineers from
Mexico. The engineers
had nearly completed
repairs when another
act of sabotage by
BTL workers brought
the system down again.
Among
the demands of the
workers is that the
government turn over
its shareholding in
the company to a collective
of management and workers,
either as an outright
gift or for one dollar.
In its last press release,
dated 21 April, the
government said that
it was willing to help
the workers find a
way to finance a purchase
of the shares in question.
In
the last statement
released by the press,
Belize Prime Minister
Said Musa said, "The financial loss to BTL, BEL businesses all across Belize and to the national
economy is in the tens
of millions of dollars.
Those who are responsible
for the acts of sabotage,
vandalism and criminality
must, and will, be
held fully accountable."
A
well known financial
advisor and offshore
authority advised that
investors and offshore
planners should stay
away from anything
in Belize until the
situation settles.
This includes real
estate, residency,
banking and asset protection
plans.
If
you would like more
information regarding
asset protection, trusts,
family limited partnerships
or the subject of this
article please call
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