The Government of Belize (GOB) has announced plans to retain a majority stake in Belize Electricity Limited (BEL) while preparing to divest 33.5% of its shares to the public. Prime Minister John Briceño emphasized that the state’s majority ownership is constitutionally mandated and non-negotiable. However, the divestment process is currently on hold due to BEL’s precarious financial situation. Briceño explained that selling shares under current conditions would result in significant undervaluation, prioritizing financial stabilization before any public offering. The initiative aims to provide Belizeans with an opportunity to invest directly in the nation’s primary power provider, with hopes of widespread participation. The sale will be structured in two phases, with shares valued at approximately 160 million Belize dollars. Briceño also highlighted the importance of securing strong returns for the Social Security Board, with local financial institutions already expressing interest in the offering. The move comes amid a backdrop of excess liquidity in the financial system, estimated at 700 to 800 million Belize dollars.