The Social Security Board (SSB) of Belize has yet to receive a formal proposal concerning a potential investment in Hydro Belize, the recently acquired assets formerly owned by Fortis. Jerome Palma, the newly appointed Chief Executive Officer of SSB, clarified that while the government has finalized the purchase of Fortis Belize, now rebranded as Hydro Belize, no detailed information has been presented to the Board for evaluation. Palma emphasized that the SSB must adhere to its rigorous due diligence processes before committing contributors’ funds to such a significant investment. He highlighted the necessity of thoroughly assessing the investment’s potential costs, returns, and alignment with the fund’s responsibilities to contributors and pensioners. Palma also discussed the broader investment strategy of SSB, noting the growth of reserves and the need for prudent investments as the economy expands. Potential opportunities include municipal bonds and development projects. Appointed a month ago, Palma’s primary focus is on advancing the Board’s four strategic priority areas, ensuring effective administration and management to drive these initiatives forward.