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Millennium Challenge Corporation

Government Says MCC Grant Restored but Will Be Modified

On Wednesday, August 20th, the Government of Belize (GOB) announced that the country may still access the Millennium Challenge Corporation (MCC) grant, despite the program being shut down in April of this year. Belize’s foreign service lobbied strongly for its reinstatement, and the effort succeeded. However, officials confirmed the agreement has been modified, and it remains uncertain whether Belize will receive the full US$125 million approved initially.

Government

Government Still Hopeful for Millennium Challenge Corporation Grant

Prime Minister Hon. Dr. John Briceño remains hopeful that Belize may still access the five-year, US$125 million grant initially secured through the Millennium Challenge Corporation (MCC), a United States government agency. Although the grant program was officially shut down in April 2025, Briceño said discussions are ongoing, following a conversation with U.S. Secretary of State Marco Rubio. On Monday, May 12th, the Prime Minister reiterated his optimism, saying that if the program is ended, the Government of Belize will seek alternative funding sources through its development partners.

Government

Belize’s 2025/26 Budget Presented: “From Promise to Performance”

Prime Minister John Briceño has presented Belize’s national budget for the 2025/26 fiscal year, unveiling a $1.78 billion spending plan under the theme “From Promise to Performance.” Delayed from its usual March presentation due to the March 12 general elections, the budget outlines the government’s financial priorities amid a backdrop of robust economic recovery and ambitious social investments.

Government

Belize loses US$125 million Millennium Challenge Corporation grant

In September 2024, the Government of Belize (GOB) and the Millennium Challenge Corporation (MCC), a United States government agency, announced the signing of a five-year, $125 million grant agreement to invest in education and energy in the country. Fast-forward to April 2025, with a new American administration in place, the MCC has reportedly been shut down, leading to the cancellation of the multimillion-dollar grant.

Government

Government of Belize and the Millennium Challenge Corporation Sign Five-Year US$125 Million Grant Agreement

The Government of Belize and the Millennium Challenge Corporation (MCC), a U.S. government agency, signed a five-year US$125 million Grant Agreement for investment in education and energy in Belize. Prime Minister Hon. John Briceño signed on behalf of the Government of Belize, and CEO Mrs. Alice Albright signed for MCC.

Government

Government of Belize and the Millennium Challenge Corporation Sign Grant Agreement for Compact Development Funding

The Government of Belize and the Millennium Challenge Corporation (MCC), a U.S. government agency, signed a Compact Development Funding Grant Agreement on March 1st, 2023. Prime Minister Hon. John Briceño signed on behalf of the Government of Belize and Jonathan Brooks, Deputy Vice President of Europe, Asia, Pacific, and Latin America, signed for MCC. U.S. Ambassador Michelle Kwan and Ministry of Economic Development CEO Dr Osmond Martinez also attended the signing ceremony.

Government

High-Level Delegation Meets with Multilateral Development Banks, U.S. Government Agencies and Canadian Government Officials

Hon. Christopher Coye, Minister of State, Ministry of Finance, Economic Development and Investment, led a high-level delegation of Belizean officials to Washington, D.C., from April 19 to 22, 2022, for a series of meetings with senior representatives from the International Monetary Fund (IMF), the World Bank, the Inter-American Development Bank (IDB), the Millennium Challenge Corporation (MCC) and the U.S. Development Finance Corporation (DFC). The delegation also met with senior representatives from the U.S. Treasury and the Office of Comptroller of Currency and held a bilateral meeting with Hon. Harjit S. Sajjan, Canada’s Minister of International Development.

Government