Saturday, May 25, 2024

Ministry of Economic Development

GCF Approves Grant to Enhance Belize’s Fisheries Sector

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”.

UNDP partners with the Statistical Institute of Belize and Ministry of Economic Development to enhance the country’s ability to assess and address poverty

The United Nations Development Programme (UNDP) and the Ministry of Economic Development signed an agreement to partner with the Statistical Institute of Belize (SIB) on the development and implementation of an annual Monetary Poverty Measure (MPM) and to assist in the continued development of the national Multidimensional Poverty Index (MPI) statistics program. This support will serve to enhance the country’s capacity to assess and address poverty, including through its policymaking processes.

Belize takes Next Step as a Global Leader in Natural Capital and Innovative Finance Solutions

On January 30, the Government of Belize, led by the Ministry of Economic Development in collaboration with the Blue Bond and Finance Permanence Unit and the Coastal Zone Management Authority & Institute, partnered with Stanford University’s Natural Capital Project (NatCap) and the Inter-American Development Bank (IDB) to convene a workshop titled "Monitoring Progress Toward a Prosperous, Sustainable Future."

Surveillance Cameras to Boost Public Safety and Security in Belize City

On January 11, 2024, the Ministry of Home Affairs and New Growth Industries and the Ministry of Economic Development held an inauguration ceremony for the installation of 50 Pan-tilt-zoom (PTZ) surveillance cameras around several parts of Belize City.

Belize Accesses Grant for Climate Resilience Projects

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).

ISFMI Australian Delegation Leads Fire Management Workshop in Belize

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.”

MED Hands Over Road Safety Toolkits for Schools to MoECST

On September 25, 2023, the Second Road Safety Project, under the Ministry of Economic Development (MED), handed over 400 hundred Road Safety Toolkits to the Ministry of Education, Culture, Science and Technology (MoECST). Present at the handing over were Dr. Osmond Martinez, CEO for the MED; Mrs. Dian Maheia, CEO for the MoECST; and Mr. Zane Castillo, Project Manager for the Second Road Safety Project.

Plans underway to improve water services on Ambergris Caye

The topic of adequate water services and a connection to a proper wastewater system in San Pedro, Ambergris Caye, is a task every administration on the island has tried to tackle with help from experts in this area. The current administration, headed by Mayor Gualberto ‘Wally’ Nuñez, is working to establish a new water plant in northern Ambergris Caye and upgrade the present facilities (south water plants and wastewater system) to make them climate resilient and sustainable.