IDB multi-million dollar grant to assist in sustainability of Sugar Industry

Monday, September 7th, 2015. Orange Walk Bureau Reporting: A project specifically designed to the sustainability to the bloodline of the North, the Sugar industry, is in the pipeline thanks to the support of the Inter-American Development Bank.

A release from the Bank issued today announced that a US$1.3M grant from the IDBMultilateral Investment Fund (MIF) to finance a project that will support the development of a sustainable sugar industry in northern Belize was approved.

This three-year project will provide resources to create and implement a dedicated extension service for over 5,400 sugar cane farmers in northern Belize and to build a sustainable farming model that strengthens the capabilities of these farmers.

The project will also support the integration of agricultural technology and the implementation of a centralized geographic information system which will enhance coordination and assist the industry’s ability to strategically plan for the future.

This project will be implemented by the Sugar Industry Research and Development Institute (SIRDI) and will complement previous and ongoing support for Belize’s sugar industry provided by the European Union, the Belize Sugar Industries Limited, La Inmaculada Credit Union Limited, the United Nations Development Program, and the sugar cane farmers’ associations.

The project also supports the Strategic Development Plan which is currently being developed by industry stakeholders and the Government of Belize as a comprehensive and cohesive roadmap to the long-term sustainability of this vital economic sector.

Established in 1959, the IDB is a leading source of long-term financing for economic, social and institutional development in Latin America and the Caribbean.

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