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World Bank Approves 25 Million USD for Belize’s Climate Resilient and Sustainable Agriculture Project

The World Bank’s Board of Executive Directors has approved financing of twenty-five million US Dollars for the Belize Climate Resilient and Sustainable Agriculture Project. The project will seek to benefit over seven thousand farmers by providing them with weather data and technical information to improve yields for crops and livestock and facilitate better planning. It will also provide grants to over 3,700 small farmers, enabling them to adopt climate-smart practices to improve the sustainability of their farms. The matching grant scheme, combined with technical support for farmers, is targeted to leverage US$18.2 million in private financing for climate-smart agricultural technology. Importantly, thirty percent of grants will be targeted to women farmers in the project. The overall goal of the project is to increase food production capacity and the adoption of climate-smart agricultural approaches among project beneficiaries.