BELMOPAN, Belize, CMC – Belize has signed an settlement with the Central American Financial institution for Financial Integration (CABEI) that can permit the Caribbean Group (CARICOM) nation to have entry funding from a BZ$26 million (One Belize greenback=US$0.49 cents) venture grant.
Prime Minister John Briceño and CABEI president Ana Guisella Sánchez Maroto signed the settlement.
A authorities assertion mentioned that the venture, generally known as the “Use of Nature-Based mostly Options to Improve Resilience to Excessive Local weather Occasions within the Atlantic Area of Central America,” is obtainable to 3 beneficiary international locations: Belize, Guatemala, and Honduras.
It mentioned roughly BZ$10 million will probably be accessible to Belize to get well communities which have suffered damages from excessive climate occasions, such because the restoration of mangroves in Monkey River Village.
The assertion added that the Local weather Finance Unit will implement the venture throughout the Ministry of Financial Improvement and the Ministry of Sustainable Improvement, Local weather Change and Catastrophe Danger Administration.
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