Saturday, April 27, 2024
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Millennium Challenge Corporation

Belize to benefit with millions from foreign aid to help micro, small and medium enterprises

Belize could see between $US200 and $US500 million in grant funding from an independent United States Government foreign aid agency called Millennium Challenge Corporation (MCC). This funding, expected in 2023, would aid the nation’s economic development and last for five years.

Belize Selected for Five-Year U.S. Grant to Help Alleviate Poverty

On December 14, the U.S. Government-funded Millennium Challenge Corporation (MCC) selected Belize for a five-year grant to fund local programs aimed at reducing poverty and stimulating economic growth. As one of MCC’s two newest partner countries, Belize will develop and lead its own projects’ design and implementation based on self-identified economic priorities.