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Development Finance Corporation (DFC) receives financing from Taiwan for business support

Published by BBNTEAM at April 18, 2023

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Posted: Tuesday, April 18, 2023. 9:52 pm CST.

By Aaron Humes: The Development Finance Corporation (DFC) has agreed loans and grants totalling $11 million with the International Cooperation and Development Fund of Taiwan (TaiwanICDF) to co-finance with the Inter-American Development Bank (IDB) on a parallel basis, a project to support the sustainability of Micro, Small and Medium Enterprises (MSMEs) with a focus on women and green financing.

The agreement, featuring a loan of US$5 million (BZ$10 million) and a grant of US$500,000 (BZ$1 million) was signed on Monday and will be guaranteed by the Government and coordinated by the IDB.

Prime Minister and Minister of Finance John Briceño signed for the Government; chair of the DFC board Raineldo Guerrero and CEO Henry Anderson signed on behalf of the DFC, with Ambassador to the Republic of China (Taiwan) to Belize, Her Excellency Lily Li-Wen Hsu present.

The loan funds will be on-lended to MSME enterprises providing employment in order to support their sustainability and post-COVID economic recovery, emphasizing those owned or led by women, through access to production-oriented finance, while the grant funds will support the planned digital transformation of the DFC as an institution.

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