By Aaron Humes: Long-term lending partner the Inter-American Development Bank (IDB) is donating US$200,000 (BZ$400,000) to Belize to help families affected by Hurricane Lisa, it announced today.
Country Representative Ramiro Lopez Ghio was quoted as saying, “The IDB… is committed to supporting the country in the wake of climatic events like Hurricane Lisa, which have affected different regions of the country and especially people living in vulnerable areas. With this donation, we reaffirm our commitment to the well-being of the people of Belize.”
The funds are classified as Emergency Technical Cooperation and will be directed to humanitarian aid including obtaining emergency supplies such as, but not limited to, food, drinking water, and cleaning supplies.
The IDB also continues to mobilize resources for investment projects in key areas to improve local infrastructure and strengthen Belize’s capacity to manage the effects of climate change in areas like transportation, energy, water, and waste management.
More generally, the Bank aims to ensure that 40 percent of its total financing is related to climatic and green programs by 2025. This, along with its commitment to align the Bank’s operations with the Climate Change Paris Agreement by 2023, positions the IDB as a leader of climate action among regional development banks. In 2021 alone, the IDB and its private sector arm IDB Invest disbursed a record total of US$6 billion in climate financing.