Tag:
Caribbean Development Bank
Government
Belize Assumes Chairmanship of CDB Board of Governors; Set to Host 57th Annual Meeting in 2027
Belize officially assumed the prestigious Chairmanship of the Board of Governors of the Caribbean Development Bank (CDB). The official handover took place during the closing ceremony of the 56th Annual Meeting of the Board of Governors of the CDB in Nassau, Bahamas.
Education
Belize secures US$23.5M project for early childhood and female empowerment
On April 20, 2026, the World Bank’s Board of Executive Directors approved the Belize Early Childhood Development and Female Empowerment Project in Washington, D.C. The initiative is funded by a US$23.5 million credit from the International Development Association and a US$1.28 million grant from the Early Learning Partnership. It aims to address gaps in preschool access and expand employment opportunities for women across Belize.
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.