June 9, 2023 Belize is planning to transition to accrual accounting over the medium term. This reform is considered an advanced practice on the public financial management (PFM) spectrum and…
Category: BELIZE
CEO lauds more programmes to support MSMEs; urges continued support for business survival
June 2, 2023 The CEO of a regional recruitment service is lauding the launch of an International Labour Organization (ILO) programme to encourage more entrepreneurship among locals, but is re-emphasizing…
CEO calls for more support of MSMEs to spur job growth
May 30, 2023 Governments and institutions can help to create more jobs by empowering micro, small and medium-sized enterprises (MSMEs) to thrive and expand, and that’s something Joseph Boll, Caribbean…
IDB Invest partners with Belize Bank Limited to boost trade between small and medium-sized businesses
May 19, 2023 IDB Invest welcomed Belize Bank Limited (BBL) into its Trade Finance Facilitation Program (TFFP), opening a US$10 million line of credit with a term of 180 days.…
Belize: 2023 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Belize
May 12, 2023 Outlook and Risks. Economic activity is projected to moderate after a strong recovery from the pandemic. After growing by 15 percent in 2021 and 12 percent in…
IMF Executive Board Concludes 2023 Article IV Consultation with Belize
May 12, 2023 The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation[1] with Belize. Economic activity has rebounded strongly from the pandemic. After contracting by 13.4 percent…
Belize Staff Concluding Statement of the 2023 Article IV Mission
February 21, 2023 An International Monetary Fund team led by Jaime Guajardo conducted discussions for the 2023 Article IV consultation with Belize during February 2-14. The team met with Mr.…
Belize Poultry Industry receives Trade and Market Access Boost as Poultry Health Regulations come into effect
February 7, 2023 The Belize Poultry Health Regulations, Statutory Instrument No. 121 of 2022, published in the Gazette on 25th August 2022, came into effect on 30th November 2022. These…
CDB Approves US$5 million for Belize Agriculture Project
January 6, 2022 A multimillion dollar project to improve agricultural productivity and resilience for small farmers in rural Belize, is receiving a US$5 million injection in funding from the Caribbean…
Belize’s cacao industry to expand exports and improve livelihoods through Standby Facility project
January 6, 2023 Cocoa beans are a highly traded product and the main ingredient in chocolate manufacturing. According to the latest Global Chocolate Market Report the industry was valued at…
RAISING THE CARIBBEAN’S ENERGY ACCESS, ELECTRICITY FOR ALL
By: Kimberly Ramkhalawan November 25, 2022 kramkhalawan@caribmagplus.com The Caribbean when compared to other parts of the world, has 90 percent electricity. However, there still remains a disparity in accessing electricity…
Belize to Promote Digital Innovation, Spur Economic Growth with $10 Million IDB Loan
November 15, 2022 Belize will promote the digitalization of companies and government services, and boost local economic growth, financed by a $10 million loan from the Inter-American Development Bank. The…