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Belize to get big bucks from IDB

Posted: Monday, August 14, 2017. 1:19 p.m. CST.

By BBN Staff: The Inter-American Development Bank (IDB) is set to provide close to US$800,000 in technical cooperation grants of US$400,000 each for Development and Integration Development for Mesoamerican Project member nations.

Belize is a member nation which stands to benefit along with Mexico, Honduras, El Salvador, Nicaragua, Costa Rica, Panama and the Dominican Republic.

In a statement issued last week the IDB said, “The operation’s goal is to contribute to the Mesoamerican region’s logistics development through studies and action plans.”

Additionally the projects hopes to: promote, regional investment plans, support the transformation of the Pacific Corridor (part of the Inter-American Network of Mesoamerican Roads running from Puebla, Mexico, to Panama City); and foster the implementation of National Logistics Plans.

According to the IDB, the assistance will focus mainly on three areas: intermodal transport, cargo logistics and urban mobility.

The projects funded by the IDB are expected to be completed in 24 months.

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