Belize secures massive $250 million grant for education and energy

Published by [email protected] at September 4, 2024

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Posted: Wednesday, September 4, 2024. 6:29 am CST.

By Horace Palacio: Belize is buzzing with excitement as Alice Albright, CEO of the Millennium Challenge Corporation (MCC), arrives to commemorate the recent approval of a transformative $250 million grant aimed at bolstering the nation’s education and energy sectors.

Ambassador Kwan extended a warm welcome to Albright at the international airport, kicking off two days of discussions with Belize officials on how to best utilize this substantial investment. The grant, a clear demonstration of the U.S. government’s dedication to poverty reduction through sustainable development, represents a substantial boost for Belize, equivalent to over 20% of its national budget.

Prime Minister John Briceño has hailed the grant as a validation of his administration’s proactive approach to tackling critical challenges in education and energy. Before the grant agreement can be finalized later this month, Belize must establish the Millennium Challenge Account Belize Authority to oversee project implementation, highlighting the grant’s importance and the government’s dedication to ensuring its success.

The Prime Minister drew a sharp contrast between his government’s efforts and those of the previous administration, emphasizing that this grant was secured through proactive engagement and a clear vision for addressing the country’s needs.

The MCC delegation’s visit will involve extensive consultations with a diverse range of stakeholders, ensuring that the grant’s impact is maximized and aligns with Belize’s long-term development goals. This historic investment is poised to catalyze further progress in education and energy, paving the way for a brighter and more prosperous future for Belize.

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