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A U.S. court sentenced a real estate developer to eight years for defrauding investors of $77 million in the Sanctuary Belize project.
A U.S. court sentenced a real estate developer linked to the Sanctuary Belize project to eight years in prison for fraud involving $77 million from investors, many retirees, who were promised land for homes.
The scheme contributed to the collapse of Belize’s Atlantic International Bank, which was liquidated and settled with the FTC.
Belize’s 2024 GDP growth was revised downward from 8.2% to 3.5% due to a more comprehensive data analysis, with all sectors growing—tertiary led at 4.6%—but still falling short of earlier claims.
In Q2 2025, primary sector growth drove GDP, boosted by agriculture and livestock, while the tertiary sector declined due to weaker trade, transport, and government spending.
Tourism played a minimal role, coinciding with a slow season.
Consumer confidence has dropped to 47.4, signaling pessimism and potential spending cuts.
Meanwhile, Guatemala’s president addressed the UN, confirming the ICJ case on the Belize border dispute has moved to oral hearings, with a judgment expected next year.
Un tribunal de los Estados Unidos sentenció a un promotor de bienes raíces a ocho años por defraudar a los inversores de 77 millones de dólares en el proyecto de Sanctuary Belize.