Belize Government Eyes World Bank Partnership to Revitalize Toledo District

Belize Government Eyes World Bank Partnership to Revitalize Toledo District

The Government of Belize hopes to work with the World Bank to transform the Toledo District into a corridor of trade with Central America. Toledo has long been called the “forgotten district” due to its lack of infrastructure. However, the government is optimistic that it can rebrand the district and attract investors and commerce. Chief Executive Officer for the Ministry of Economic Development, Dr. Osmond Martinez, says the discussion was had with the World Bank at the 2024 Spring Meetings in Washington DC last week. 

Martinez added that Belize also gained access to concessional funding opportunities and expects to receive an annual country allocation of approximately 17 million in Special Drawing Rights.

Related post

Atlantic Basin Braces for Above-Normal Hurricane Season, NOAA Predicts 17-25 Storms

Atlantic Basin Braces for Above-Normal Hurricane Season, NOAA Predicts…

The National Weather Service in the United States has sound the alarm to those in the Atlantic Basin to prepare for…
Toledo Communities Battling Wildfires, Area Representative Oscar Requena Provides Update

Toledo Communities Battling Wildfires, Area Representative Oscar Requena Provides…

As many can begin preparing for the upcoming hurricane season, residents in the south are battling with the wildfires that have…
Cayo District Reports Wildfires Amid Unusual Dry Season and Extreme Heat

Cayo District Reports Wildfires Amid Unusual Dry Season and…

Wildfires have also been reported in portions of the Cayo District.  The destruction, however, has been minimal compared to the situation…

Leave a Reply

Your email address will not be published. Required fields are marked *