BELMOPAN, Belize, CMC – The Belize authorities has acquired BZ$3.1 million (One Belize Greenback=US$0.49 cents) from the Inexperienced Local weather Fund (GCF) for advancing essential local weather initiatives.
In an announcement, the federal government mentioned that in a groundbreaking transfer towards sustainable and accountable local weather finance administration, the Ministry of Financial Improvement (MED) is the primary authorities entity to supervise and handle funds from the GCF.
It mentioned that the ministry submitted the authorised readiness venture to the GCF entitled, “Strengthening the Capability of the Ministry of Financial Improvement for Pre-accreditation to the GCF and that “this readiness grant permits the MED to be positioned to hunt GCF accreditation as a Direct Entry Entity to construct Belize’s local weather resilience, as outlined within the nation’s nationwide insurance policies and techniques.”
The federal government mentioned it had additionally utilized to the Barbados-based Caribbean Improvement Financial institution (CDB) for a technical help grant of BZ$2.5 million for the Nationwide Meteorological Service of Belize.
“The funding might be used to develop instruments to supply impact-based forecasting and early warnings for impending pure hazards within the Belize River Watershed.
“Monitoring local weather knowledge is paramount in addressing the urgent challenges of local weather change. Belize has made important strides and progress in responding to local weather change-related challenges and continues its work. With continued assist from entities just like the GCF and CDB, Belize can strengthen its strategic plans for changing into local weather resilient,” the assertion famous.
The assertion mentioned these alternatives spotlight the federal government’s dedication to driving impactful and clear local weather motion for a extra sustainable and resilient future for all Belizeans.
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