Belize Government signs 2 Loan Contracts with the IDB

On April 19, 2011, the Government of Belize and the Inter-American Development Bank (IDB) signed 2 loan contracts each in the amount of USD 5 million for the financing of projects.

The documents are related with project financing in the following areas:
– Community Action for Public Safety Programme (CAPS) aimed at efforts that will
reduce youth involvement in major violent crimes in Belize City;
– Integrated Water and Sanitation Programme for the Placencia Peninsula aimed to provide and
increase access to wastewater-treatment through the development of a new Sewage Collection,
Treatment and Disposal System on the Placencia Peninsula.

Both Projects are to commence in the 3rd quarter of 2011.

Signing on behalf of the Government of Belize was the Hon. Dean Barrow, Prime Minister and Minister of Finance. IDB Representative in Belize, Ms. Caroline Clarke, signed on behalf of the IDB.

When signing the contracts, Barrow expressed his sincere appreciation to the President, Executive Directors and Senior Management of the Bank, as well as technical staff of both the Bank and the Government who worked diligently to bring both projects to an early approval.

Clarke said: “The IDB is pleased to be partner in the development of Belize and to have the opportunity to support the strategies of the Government to promote public safety and is also happy to be able to contribute to development of critical wastewater infrastructure with the residents of the Placencia Peninsula”.

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