CDB Extends USD12.5 million Line of Credit to Government of Belize to Boost MSMEs

The Caribbean Development Bank (CDB) is pleased to support Belize’s Micro Small and Medium-sized Enterprises (MSMEs) with this USD12.5 million investment. The line of credit being provided to the Development Finance Corporation (DFC) will undoubtedly contribute to the financial sustainability of MSMEs and equitable access to production-oriented finance support, enhanced productive capacity and the economic growth and the export potential of Belize.” says Mr Daniel Best, Director of Projects at CDB. His statement followed the Bank’s announcement that its Board approved a loan to Belize’s development financing agency.

The DFC, which will administer the project, was established to expand and strengthen the economy of Belize by providing funding on affordable terms to individuals or groups seeking to develop key economic sectors, but unable to access resources on reasonable terms. According to the Head, Private Sector Division (Ag) at CDB, Ms Lisa Harding, “During project implementation the DFC will provide financing to MSMEs for agricultural and industrial credit. We anticipate an increased number of viable MSMEs contributing to and sustaining employment opportunities.”

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