fbpx
Belize Audubon Society concludes successful 55th Annual General Meeting
May 28, 2024
BEL
Emergency power outage in San Pedro following BEL plea to reduce energy consumption
May 28, 2024

Government of Belize Showcases Belize Blue Bonds in a Side Event at the 4th International Conference on Small Island Developing States (SIDS)

Posted: Tuesday, May 28, 2024. 10:50 am CST.

Press Release

On May 27th, the Government of Belize and The Nature Conservancy (TNC) cohosted a side event at the 4th International Conference on SIDS entitled, “How Debt-for-Nature and Debt-for-Climate Swaps can Help SIDS Economies: Belize Case Study and Tools for Governments,” in Antigua and Barbuda. The Belize Blue Bonds was presented as a success case study to emphasize how tools such as debt-for-nature and debt-for-climate swaps can be used to help SIDS countries achieve their nature and climate commitments, foster blue economy strategies, increase resilience to natural disasters without increasing a country’s debt or debt service burden.

The TNC Nature Bonds ToolKit was officially launched at the side event. 

The meeting was opened by the Hon. Orlando Habet, Head of Delegation and Minister of Sustainable Development and Climate Change. Ms. Beverly Wade, Director of the Blue Bonds and Finance Permanence Unit, presented on the structure, benefits and challenges of the Belize Blue Bonds from concept, creation, and implementation.  The targeted nature outcomes and impacts achieved to date under the Belize Blue Bonds were also showcased.  Panels included representation from Ms. Wade, alongside Mr. Kevin Bender, Director, Nature Bonds Program, The Nature Conservancy; Mr. Jean Paul Adam, Former Minister of Finance, Seychelles; and Ambassador Jessye Lapenn, Senior Coordinator for Atlantic Cooperation, United States of America. Closing remarks were given by Ambassador Janine Felson, Deputy Permanent Representative, Permanent Mission of Belize to the United Nations.

The Government of Belize and The Nature Conservancy, along with the United States International Development Finance Corporation, pioneered the Belize Blue Bonds as an innovative financial solution in 2021. The Belize Blue Bonds enabled the completion of a BZD728 million debt conversion for marine conservation that significantly reduced Belize’s debt per GDP and the country’s national debt by 12% while also creating long-term sustainable financing for conservation and locked in commitments to protect up to 30% of Belize’s ocean space in addition to a range of other conservation commitments. To date, the country has seen commitments and investments of BZD18 million to government and non-government on-the-ground partners to realize key targets in marine conservation and responsible blue economy development via the Belize Fund for a Sustainable Future.

 

Advertise with the mоѕt vіѕіtеd nеwѕ ѕіtе іn Belize ~ We offer fully customizable and flexible digital marketing packages. Your content is delivered instantly to thousands of users in Belize and abroad! Contact us at mаrkеtіng@brеаkіngbеlіzеnеwѕ.соm or call us at 501-612-0315.

 

© 2024, BreakingBelizeNews.com. Content is copyrighted and requires written permission for reprinting in online or print media. Theft of content without permission/payment is punishable by law.

Comments

  • Galen University
  • Belmopan Aggregates
  • larry waight
  • Belmopan Aggregates
  • cahal pech village resort
  • Galen University
  • Belmopan Aggregates
  • Belmopan Aggregates