PEOPLE
401,000est,2022
AREA
901 Sq Miles
CAPITAL
Belmopan
CURRENCY
Belize
Dollars BZD
STATUS
Independent
CARICOM JOIN DATE
July 4, 1973
Project
Overview
FUNDED
PROJECTS
15
US $11.44M
OVERVIEW
The CARICOM Development Fund has been instrumental in fostering cohesion in Belize by supporting the Government’s initiatives aimed at accelerating sustainable growth. During Cycle 1 (2008-2015) and Cycle 2 (2016-2023), the CDF allocated US$11.6 million to support 13 projects aimed at improving the competitiveness and capacity of SMEs to contribute to inclusive economic growth; and rural communities’ access to safe and reliable water and livelihoods. CDF has supported the creation of a more enabling business and investment climate for all high-potential economic sectors by strengthening the institutional and policy framework; and increasing MSMEs’ access to credit, business support services, and energy management and production technologies.
Planned Results of CDF-Supported projects in Belize
- Institutional Strengthening: Enhancing the capacity of 4 key institutions within the local business ecosystem – the Development Finance Corporation (DFC); Belize Trade and Investment Development Service (BELTRAIDE); Ministry of Agriculture, Food Security, and Enterprise; and Ministry of Economic Development.
- SME Empowerment: Providing 175 MSMEs with increased access to credit to boost innovation, productivity, and competitiveness.
- Skills Development: Enhancing the skills of 230 beneficiaries in areas relevant to improving the competitiveness of enterprises in high-potential sectors.
- Technical Assistance: Supporting technology adoption in 155 MSMEs, including 110 honey producers and 36 vegetable farmers.
- Energy Management: Demonstrating the impact of improved energy management by piloting the adoption of energy efficiency and renewable energy solutions in 5 SMEs.
- Water and Sanitation: Improving access to safe water for 3,265 rural residents from 4 communities.
Our Work in Belize
Belize Enterprise Empowerment Project (BEEP) (formerly The Establishment of the Gender Inclusive Belize Enterprise Revolving Fund (BERF).
Status
Implementation in ProgressApproval Date
7/23/2019Value (USD)
500,000Management Information System for the Public Sector Investment Programme (Phase 1)
Status
CompletedApproval Date
9/23/2010Value (USD)
100,000Management Information System for the Public Sector Investment Programme (Phase II)
Status
CompletedApproval Date
12/16/2013Value (USD)
338,750CDF Executing Agencies
Belize Social Investment Fund
Ministry of Finance BLZ
Development Finance Corporation
Fisheries
Forestry
the Env
Sustainable Dev & Immigration
The Belize Trade and Investment Development Service (BELTRAIDE)
Ministry of Works and Transport BLZ
National Focal Point
Country |
Belize |
NAME OF FOCAL POINT |
Mr. Carlos Pol |
Position |
Chief Executive Officer |
CONTACT INFORMATION |
Ministry of Economic Development, Commerce, Industry and Consumer Affairs Sir Edney Cain Building 1st Floor, Belmopan Tel: (501) 822-2526 Tel: (501) 822-2527 Email: econdev@btl.net |
