Instructions: In a large saucepan, heat the oil over medium heat. Add the onion, bell pepper, jalapenos, and garlic, and cook until the onion and bell pepper are tender, about 8 minutes. Stir in the chile powder, cumin, and annatto and cook 1 minute. Add the rice and water and heat to boiling. Reduce heat to low, cover, and simmer 15 minutes or until liquid is absorbed and rice is tender. Stir in the beans and olives and heat through. Remove from heat, and stir in the cilantro. Salt to taste.

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