CDB


Belize Electricity System Upgrade Launched

The Caribbean Development Bank (CDB) remains committed to assisting the Government of Belize in achieving its development objectives including those in the electricity sector. This message was conveyed to staff of the Belize Electricity Limited (BEL) at a workshop held from September 3 to 5, to officially launch the project to upgrade and expand the electricity system. This project is being funded by a loan of USD11.231mn. This upgrade and expansion will be the sixth intervention by CDB in the electricity sector in Belize but the first for all of the staff members of BEL involved in its implementation. The […]


Belize Gets $10.5 Million Loan For Small Business Development

Belize has received a $10.5 million loan from the Caribbean Development Bank for small business development, the bank announced last week. The loan is to the country’s Development Finance Corporation, which works to improve home ownership, human development and the development of micro, small and medium-sized businesses. “MSMEs are fundamental to the economic landscape of Belize and are estimated to account for a significant share of economic activity and employment generation,” the CDB said in a statement. “However, they are usually faced with a number of challenges including limited access to, and the cost of financing.” The bank said the […]