BELMOPAN, Belize, CMC – The Belize authorities says it has concluded per week of consultations with the United Nations Commerce and Improvement (UNCTAD) and the Financial Fee for Latin America and the Caribbean (ECLAC) to strengthen the nation’s entry to sustainable growth financing.
A authorities assertion stated that Ambassador Amalia Mai, the chief government officer within the Ministry of Overseas Affairs and Overseas Commerce, met with the delegation to formally shut the discussions, which targeted on securing inexpensive exterior funding, enhancing debt sustainability, and increasing local weather finance by way of UNCTAD’s Sustainable Improvement Finance Evaluation (SDFA) framework.
It stated Belize, a pacesetter in modern monetary options, has already demonstrated success by way of its Blue Bonds initiative, which diminished debt whereas defending marine ecosystems. The conferences explored leveraging instruments like inexperienced bonds and debt-for-climate swaps to satisfy Belize’s US$1.65 billion in local weather finance wants.
“With growing local weather threats, together with hurricanes and coastal erosion, securing long-term funding stays a precedence. UNCTAD and ECLAC reaffirmed their dedication to supporting Belize’s efforts to construct monetary resilience and drive sustainable development,” the assertion stated.
