Tag:
IDB Invest
Business & Economy
IDB Invest Supports Manufacturing Sector in Belize with Recinos
IDB Invest has provided a $1 million loan to Recinos, a large distributor of select and international brands of imported goods in Belize, to expand its operations in the manufacturing sector and support supply chain resiliency.
Government
IDB Invest contributes to energy security in Belize by financing the National Gas Company Limited
IDB Invest, member of IDB Group, provided a US$6 million loan to National Gas Company (Belize) for the construction, operation, and maintenance of a Liquefied Petroleum Gas (LPG) marine terminal, the first of its kind in the country of Belize. The terminal is situated in the southern region of Belize, at the Port in Big Creek, and will have 18 product tanks and a blending tank. The National Gas Company started its operations in May 2020.Â
Business & Economy
IDB Invest promotes the development of tourism in Belize through Atlantic Bank
IDB Invest, a member of the IDB Group, will provide a loan to Atlantic Bank Limited (Atlantic Bank) for US$20 million with a three-year tenor. The financing will promote the growth of Atlantic’s micro, small and medium enterprises (MSME) portfolio in Belize including tourism, a sector deeply affected by COVID-19.
