The Prime Minister of Belize, the Hon. Dean Barrow, made a visit to the InterAmerican Development Bank in Washington, D.C. last week. There, the Prime Minister met with IDB President Luis Alberto Moreno where the two reaffirmed the strong partnership that exists between the IDB and Belize.
They also expressed satisfaction at the Bank’s recently approved new country strategy with Belize, which will guide the Bank’s work in the country over the next four years.
That strategy aims to support the Government of Belize in improving public expenditure efficiency and effectiveness and promoting private sector development and sustainable export-led growth, by concentrating on four priority areas: education, tourism, transport and trade, and tax policy.
The IDB, the main source of multilateral lending for Latin America and the Caribbean, has supported Belize since the country became a borrowing member in 1992.
The Bank’s current portfolio in Belize includes five loans for $38 million, supporting agriculture, citizen security, water and sanitation, solid waste and flood mitigation, as well as over $14 million in technical assistance and investment grants.