fbpx
Bus operators handed fuel subsidies
July 24, 2022
RCCbpo celebrates 17th anniversary; announces plans to go international!
July 24, 2022

Government gives update on Climate Resilient Infrastructure Project

  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  

Posted: Sunday, July 24, 2022. 10:05 am CST.

By Aaron Humes: The Government of Belize has revealed that eight years after it was first loaned US$30 million by the World Bank for a Climate Resilient Infrastructure Project, most of the money went to more urgent needs caused by the COVID-19 pandemic.

This will necessitate, it said, location of additional financing opportunities to advance the original aims of the project: enhancing the resiliency of road infrastructure against flood risks and other impacts of climate change; and improving the capacity to respond promptly and effectively in an eligible crisis or emergency, as required.

A statement remarked: “The implementation of this project took six years to begin with one-third of the loan (US$10 million) disbursed solely to conduct feasibility studies within that period.”

The remaining US$20 million, with agreement from the Bank, was repurposed for immediate needs in tackling COVID including provision of relief under the Unemployment Relief Program, Food Assistance Program and others. A total of US$12 million was allocated to social protection measures and US$8 million to the agriculture sector in the form of a cash voucher for farmers.

We will seek further clarification on this issue from the relevant Government Ministries and Departments.

 

Аdvеrtіѕе wіth thе most visited news site in Веlіzе ~ Wе оffеr fullу сuѕtоmіzаblе аnd flехіblе dіgіtаl mаrkеtіng расkаgеѕ. Yоur соntеnt іѕ dеlіvеrеd іnѕtаntlу tо thоuѕаndѕ оf uѕеrѕ іn Веlіzе аnd аbrоаd! Соntасt uѕ аt [email protected] оr саll uѕ аt 501-601-0315.

 

© 2022, BreakingBelizeNews.com. This article is the copyrighted property of Breaking Belize News. Written permission must be obtained before reprint in online or print media. REPRINTING CONTENT WITHOUT PERMISSION AND/OR PAYMENT IS THEFT AND PUNISHABLE BY LAW.

  • Galen University
  • larry waight
  • Galen University
  • Shindaiwa

Leave a Reply

Your email address will not be published.