Economic Development Council in the Office of the Prime Minister of Belize

Economic Development Council in the Office of the Prime Minister of Belize is rated 3 out of 5 in the category government relations. Read and write reviews about Economic Development Council in the Office of the Prime Minister of Belize. The Economic Development Council (EDC) is a public private advisory body and is comprised of 10 members, including 5 senior managers from the public sector and 5 representatives from the private sector. The overall objectives of the EDC are: - To strengthen the collaboration between public and private sectors through meaningful dialogue that leads to positive outcomes facilitating economic development. - To advise on and help develop reforms that improves doing business, enhance the public sector processes and enhances confidence of doing business in Belize. EDC Reforms: 1.) Trade License Reform Objective: To encourage the development of new businesses, products and services. 2.) Secured Transaction & Collateral Registry Objective: Establishment of a Secured Transaction Law, and Collateral Registry System with the aim of improving access to affordable finance. 3.) Credit Bureau Objective: The Implementation of a Credit Bureau System to improve access to affordable finance. 4.) Land Reform Objective: To improve the Lands Department processes for Real Estate Sector transactions. 5.) Taxation Reform Objective: To simplify the regulatory environment for "Ease of Doing Business"​. 6.) Modernization of Tax Administration of Belize Objective: To modernize the tax administration arrangement by integrating two existing tax departments into a single tax administration through Information Technology support. 7.) Building Sector Reform Objective To create safe and resilient climate-smart business practices. 8.) E-Governance Reform Objective: Create delivery of services online (eGovernment). The EDC aims to enhance Belize's business climate by fostering public private dialogue to drive change in service quality for the ease of doing business.