Public Private Partnerships of Belize
The Belize Chamber of Commerce and Industry recommended the use of public-private partnerships to invigorate the economy in a policy document in 2012, but little has got under way so far.
Utilities in Belize are largely state owned. The Belize Government had its fingers burnt when it sold shares in the Belize Water and Sewerage Company and the majority were snapped up by a foreign-owned company, which raised prices considerably. The government later bought back a majority share in what had become Belize Water Services. Majority stakes in Belize Telemedia and Belize Electricity have also been re-acquired by the government, as they too had ended up in foreign hands