Green Climate Fund

The Ministry of Economic Development is participating in the Green Climate Fund (GCF) Regional Dialogue in Saint Kitts and Nevis, represented by Mr. Leroy Martinez, Acting Director of the Climate Finance Unit (CFU), and Mr. Kaelan Mendez, Project Officer in the CFU.

The Government of Belize (GOB), through the Ministry of Economic Development (MED), and the Resilient Rural Belize Programme (RRB), with funding from GOB, the International Fund for Agricultural Development (IFAD) and the Green Climate Fund (GCF), provided weather sensors and equipment to the National Meteorological Service (NMS) of Belize. These tools will assist the AgroMet section in providing real time weather information to rural farmers and households in Belize. The Resilient Rural Belize Programme via Subcomponent 2.3: “Investment in Territorial Climate Resilient Assets,” is financing the upgrade of the Climate Information system at the National Meteorological Service of Belize at a value of US $256,300.00.

The Ministry of Economic Development (MED), as Belize’s National Designated Authority (NDA) to the Green Climate Fund (GCF), is pleased to announce the approval of the GCF Readiness Proposal, “Strengthening technical and institutional capacities of Galen University, BLPA, PACT, BNPAS and the Government of Belize to access Climate Finance”. This proposal is valued at BZ$1,359,450 in grant funding. It was developed and will be implemented by the Protected Areas Conservation Trust (PACT) in collaboration with the beneficiary stakeholders.

The Ministry of Economic Development, Belize’s National Designated Authority to the Green Climate Fund (GCF), is proud to announce that the GCF has approved a Project Preparation Facility (PPF) application for a proposal titled “The Road to Resilient (R2R) fisheries - adopting ecosystem-based adaptation in four CARICOM Member States”.

The Ministry of Economic Development, as the National Designated Authority to the Green Climate Fund (GCF), received approval for Belize’s largest climate change project entitled, “Building the Adaptive Capacity of Sugarcane Farmers in Northern Belize”. The grant totals BZ$77,682,600, with funding of BZ$50 million from GCF and co-financing from project partners at BZ$27.6 million and BZ$30,000 from the Government of Belize. The project was approved during the GCF 38th Board Meeting being held in Kigali, Rwanda, from March 4 to 7. Eleven project funding proposals were put to the GCF Board for approval, with Belize being the only Caribbean country to table a project.

The Development Finance Corporation takes a significant step forward in its commitment to combat climate change by officially submitting its accreditation application to the Green Climate Fund (GCF) on January 31, 2024. This landmark move positions DFC to access up to US $50 million in Green limate Funds, empowering the organization to spearhead transformative initiatives in the realm of sustainable development and environmental protection. The GCF, established to assist developing countries in addressing climate change through mitigation and adaptation efforts, serves as a crucial resource in advancing global climate action.

The Government of Belize has received substantial grant funding of BZ$3,157,028 dedicated to advancing critical climate initiatives. In a groundbreaking move toward sustainable and responsible climate finance management, the Ministry of Economic Development (MED) is the first government entity to oversee and manage funds from the Green Climate Fund (GCF).

The Ministry of Economic Development and the Belize Forest Department are hosting the International Savanna Fire Management Initiative (ISFMI) on a visit to Belize as part of the Green Climate Fund (GCF) readiness project “Traditional Savanna Fire Management Readiness Proposal to facilitate Emissions Reductions in the Agriculture, Forestry, and Other Land Use (AFOLU) Sector in Belize.”