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
19
US $16.38M
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 Development Finance Corporation
Status
CompletedApproval Date
9/23/2010Value (USD)
100,000CDF Executing Agencies
Community Development
Labour
and Local Government
Ministry of Agriculture Food Security and Enterprise
Directorate General for Trade in the Ministry of Foreign Affairs and Foreign Trade
Culture and Immi
Ministry of Rural Transformation
Belize Social Investment Fund
Development Finance Corporation
Ministry of Finance BLZ
Sustainable Dev & Immigration
The Belize Trade and Investment Development Service (BELTRAIDE)
Ministry of Works and Transport BLZ
Fisheries
Forestry
the Env
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 |
