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Belize’s Women Entrepreneurs to Benefit from a UN Initiative

Belize’s women entrepreneurs are expected to soon benefit from financing through an initiative of UN Women and US firm Portland Private Equity, and the 2XCollaborative. During the launch, the Belize Power Connect Ltd, a women-owned company in Belize, was highlighted because of the innovative financing measures employed to support its growth. Prime Minister John Briceno delivered the keynote address, in which he conceded that in Belize, women are underrepresented in small and medium enterprises. He added that many women-owned or led businesses continue to struggle with a lack of access to capital to develop and scale their businesses. However, he hopes things will improve with initiatives like this one. PM Briceno was among government leaders, regional and multilateral development finance institutions, and public and private investors, who gathered virtually to launch the initiative on December 10. During the event, a memorandum of understanding (MOU) was signed between the UN Women Multi-Country Office (MCO) Caribbean and Portland Private Equity.