IDB helps Belize with a BZ$20 million loan for tourism sustainability

BBN Staff: The Inter-American Development Bank (IDB) and the Government of Belize are working together to increase the tourism industry’s sustainability with a new BZ$20 million project.

The IDB announced this week that it is loaning Belize some US$10 million for a project geared towards increasing tourism industry’s resiliency to climate change. The project, which the IDB expects to directly benefit over 103,000 people, includes installing a pumping station, installing floodgates in canals to control water flow, and actions to control coastal erosion in Palapa Gardens beach on Caye Caulker.

Belize City will also benefit from upgrades to Orange Street, which was identified as an area especially vulnerable to the effects of climate change. The project announcement came after the IDB sent a technical team on a three-day visit to Belize, to discuss the sustainability of the tourism industry.

Inter-American Development Bank (IDB) Chief for the Environment, Rural Development and Disaster Risk Management Division,  Pedro Martel visited Belize from December 6-8, and was accompanied by IDB Country Representative, Cassandra T. Rogers.

They met with several officials from various government departments including the Ministry of Economic Development; the Ministry of Finance; the Ministry of Tourism and Civil Aviation; the Belize Tourism Board; and the Coastal Zone Management Authority and Institute. The Belize Tourism Industry Association also participated in the meetings.

 

 

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