Tag:
Caribbean Development Bank
Education
Temporary Classrooms Used as Ocean Academy Campus Remains Uninhabitable
Ocean Academy, Caye Caulker’s only high school, remains displaced from its campus following severe flood damage and has been operating out of temporary and borrowed spaces since November 2025. The school has been conducting sessions in locations such as boat rooms, community centres, and spaces above restaurants after health inspectors deemed the campus uninhabitable due to extensive flooding, mould growth, and mosquito infestations.
Community and Society
BEL and CDB Sign USD 27.5 Million Loan & Grant Package for National Smart Metering Upgrade and Grid Modernization
Belize Electricity Limited (BEL) and the Caribbean Development Bank (CDB) have announced the execution of a USD 27.53 million financing package, including a USD 27.2 million loan and a USD 330,000 grant, to implement BEL’s Power VIII Project, a nationwide Advanced Metering Infrastructure (AMI) initiative designed to modernise Belize’s electricity grid.
Community and Society
Loan Motion for George Price Highway Rehabilitation Approved after Senate Debate
The Senate met on December 16th to debate a $69 million loan motion from the Caribbean Development Bank to rehabilitate the George Price Highway from Belize City to Hattieville. The debate prompted several senators to request additional information on the motion, with particular concern about the loan's total amount, which many described as significant. Despite a lengthy, at times heated, discussion that led to a brief suspension of the sitting, the loan motion was ultimately approved by the Senate.
Government
Development Finance Corporation and Caribbean Development Bank Ninth Consolidated Line of Credit Project Launch
The Development Finance Corporation (DFC) recently held a Project Launch event to celebrate the official signing of its Ninth Consolidated Line of Credit with the Caribbean Development Bank (CDB). This agreement secures US $20 million in affordable financing aimed at bolstering key sectors in Belize, including Agriculture and Industrial Credit (AIC), Education, Mortgage Finance (Housing), and Energy Efficiency/Renewable Energy (EE/RE).
Community and Society
UK, the CDB and Belize Unveil Transformative Infrastructural Milestone
The Government of the United Kingdom (UK), the Caribbean Development Bank (CDB), and the Government of Belize announced the successful completion of the Philip Goldson Highway and Remate Bypass upgrade in Belize - a significant milestone in the UK’s and the Bank's longstanding partnership with the Government and people of Belize.
Government
Cabinet Brief for 10th August 2023
Cabinet considered and approved the joint plan from the Attorney General’s Ministry and the Ministry of E-Governance for a program to strengthen the civil registry. This will achieve a more efficient civil registry program, modernizing and improving all services of the Vital Statistics Unit through the establishment of a pertinent legal policy framework, simplified procedures and an inclusive and accessible online service.
Government
Belize Discusses Finance for Development at CDB’s 53rd Annual Meeting of Board of Governors
Dr. Osmond Martinez, Chief Executive Officer in the Ministry of Economic Development, and Mr. Valentino Shal, Chief Executive Officer in the Ministry of Rural Transformation, Community Development, Labour, and Local Government, represented Belize at the Caribbean Development Bank’s (CDB) 53rd Annual Meeting of its Board of Governors in St. Lucia. The CEOs represented Belize as Temporary Alternate Governor and Temporary Alternate Director, respectively. The annual meeting is being held under the theme, “Marshalling Finance for Development: Access to Adequate, Affordable Financing.”
Government
Belize implements Phase Two of the Road Safety Project with one of the First Inter-programmatic Consultations for Mental Health and Psychosocial Support for Victims...
To improve the quality of mental health and psychosocial support services (MHPSS) for victims of road accidents and their families, the Pan American Health Organization/World Health Organization (PAHO/WHO) and the Government of Belize with financial support from the Caribbean Development Bank (CDB) conducted a consultation with multiple representatives from key ministries, stakeholders, and non-governmental organizations (NGOs).