Business

GOB gets 10 million US poverty alleviation cash

By Michelle Sutherland

The Government of Belize, this week, got a US $10 million loan through the Caribbean Development Bank (CDB) to provide services to poor and vulnerable communities across Belize.

The loan, which was recently approved, is to support the strengthening of the Belize Social Investment Fund (BSIF), which addresses the basic needs of Belizeans to alleviate poverty in both urban and rural communities.

According to CEO in the Ministry of Finance, Yvone Hyde, the four year loan (March 2017- Dec 2020) from CDB will significantly enable BSIF to continue its outreach initiatives through socio-economic projects.

The loan is a roll out of US $40 million, which will be used for poverty reduction in eight countries in the Caribbean including: Guyana, Belize, Dominica, Grenada, Jamaica, Saint Lucia, St. Vincent and the Grenadines and Suriname.

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