DFC launches Readiness III program to support climate-resiliency in Belize

Published by BBN Staff at December 10, 2019

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Posted: Tuesday, December 10, 2019. 11:06 am CST.

By BBN Staff: Since 2015, Belize has engaged with the Green Climate Fund (GCF) to improve access to international funds and to encourage investment in projects and programs that will help the country adapt and mitigate climate change and its impacts.

Through GCF Readiness support, Price Waterhouse Coopers (PWC) has been selected to conduct a GAP Assessment and develop an Action Plan for the Development Finance Corporation (DFC).

The DFC is seeking GCF Accreditation as a Direct Access Entity with the objective of accessing the Fund’s resources to facilitate private sector climate-resilient projects in Belize between US $10 to $50 million.

PWC scheduled in Belize during the period of December 9-14, 2019 to conduct a site visit and meet other key stakeholders.

As a Direct Access Entity (DAE), the DFC would help to facilitate Belize’s access to GCF resources for financing climate-resilient investments such as renewable energy and energy-efficient interventions that will be targeted mainly at the productive sector including agriculture, manufacturing, agro-industry and tourism.

This would enable the productive sector to become more climate-resilient and reduce Belize’s reliance on fossil fuel energy, consistent with national goals.

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