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Government launches Belize’s 1st National Investment Policy and Strategy

Posted: Friday, November 29, 2019. 4:37 pm CST.

By BBN Staff: The Government of Belize (GOB) through the Ministry responsible for Investment, Trade and Commerce, BELTRAIDE and the CARICOM Development Fund (CDF) will launch the Belize National Investment Policy and Strategy (NIPS) on Monday, December 2, 2019, at 10 am at the Best Western Biltmore Plaza in Belize City.

The Belize National Investment Policy and Strategy seeks to establish a national framework that will guide both domestic and foreign investments.

The primary objective of the NIPS is to determine with greater certainty and predictability the national direction toward economic development and how citizens can participate in and benefit from this process through investments.

  • To increase confidence in Belize’s investment climate and put greater predictability in the investment process
  • To increase Belize’s competitiveness and promote Belize as a viable investment destination
  • To encourage economic activities across priority sectors and sustain job creation and employment
  • To simplify the ease of doing business in Belize and empower a more robust business sector
  • To diversify investment opportunities for Belize’s citizens and enable efficient public-private collaboration

It is expected that the Project will ultimately identify cross-cutting policies and reforms that can be implemented to improve the overall investment climate in Belize in alignment with Belize’s National Horizon 2030 Vision and Belize’s medium-term Growth and Sustainable Development Strategy (GSDS) specifically targeting and supporting Critical Success Factor (CSF-1): Optimal National Income and Investment.

 

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