Belize presented two projects for funding from Compete Caribbean during an Investment Panel at the Inter-American Development Bank (IBD) Barbados last Friday. There were eight final project presentations and two were from Belize. The Belize Shrimp Biosecurity Aquaculture Zone project was presented by Belize Shrimp Growers’ Association and the Enhancing Six Small Tourism Enterprises in Toledo project was presented by the Toledo Institute for Development and Environment (TIDE). The Belize Shrimp Biosecurity Aquaculture Zone project aims at improving the performance and predictability of shrimp production in Belize while TIDE’s project looks at Enhancing the profile, competitiveness, marketability, profitability, and sustainability of the products and services offered in remote indigenous communities to meet international standards. Presenting the TIDE’s project was Joseph Villafranco.
JOSEPH VILLAFRANCO, PROJECT MANAGER, T.I.D.E.
“Of course being very small partners we cannot possibly add up all of the standards but the idea is to look at what is being recommended in the Caribbean region and once we’ve built capacities of these partners were able to now package all of that and market all of that It could be one package with all of these little other products tied to it. So the project has three objectives is improve its standards like I said. To strengthen the BTIA Toledo Chapter so that they add that component of sustainability to the industry and finally to market the cluster of one package.”
On Friday the independent panel of judges evaluated these and other cluster projects. They examined the projects’ potential impact on employment creation, including for women and marginalized groups, and on the generation of revenue and foreign exchange. Compete Caribbean will grant the selected cluster project 80% of the total budget for the proposed project, to a maximum of USD$400,000. The winning cluster must, in turn, contribute a minimum of 20% of the total project cost, half of which can be provided in-kind.