Belize can meet its targets and obligation under the Blue Bond

Yesterday, we reported that Belize received accolades for the successful negotiation and agreement on the Blue Bonds. To have achieved this goal, the Government of Belize had to agree to a set of conditions and targets, particularly as it relates to environmental policy, community engagement, and the protection of vulnerable habitats and ecosystems. In our discussion with Beverly Wade yesterday, Love News asked her whether Belize will be able to satisfy the terms of the bond. Not only was she optimistic that Belize can do it, but the country has also already done so on several fronts. 

The impacts of climate change are virtually everywhere and the recent storms Belize endured are reminders of the realities. However, Prime Minister John Briceño has hinted that it is time the country looks at its relationship with the Caribbean Catastrophe Risk Insurance Facility (CCRIF) given that the country was not able to get as much assistance as it hoped for following Hurricane Lisa. While the regional insurance and the blue bonds are not related, we asked Wade whether an issue like this can have an impact on the blue bond. Here’s what she had to say about that.