By Belize Live News Staff: The Central Bank of Belize has launched a new Credit Reporting System (CRS) designed to strengthen the country’s financial sector and improve access to credit for citizens and businesses.
The system will be managed by CRIF Information Services Limited (CRIF), a licensed credit bureau that will collect and share credit information from banks, credit unions, and lending institutions. By doing so, it will help lenders make more informed and fair lending decisions.
Governor Kareem Michael called the move a “transformative step toward greater financial inclusion,” noting that it empowers Belizeans to build a reliable credit record and gain better access to financing for homes, education, and small business growth.
The initiative aligns with the Credit Reporting Act and reflects the Central Bank’s ongoing commitment to financial inclusion, transparency, and economic growth.
The CRS is scheduled to become fully operational in early 2026, marking a new era for Belize’s financial landscape.
