By Zoila Palma: The Development Finance Corporation (DFC) is undergoing major expansion and is set to transition into a development bank, Minister Osmond Martinez said during his budget presentation on Wednesday.
Martinez reported that the institution exceeded its lending targets, with loan approvals reaching $61.85 million and total portfolio value rising to $175.46 million.
“DFC’s loan approvals reached BZ$61.85 million, 106 percent of target,” he said.
He added that the institution is playing a growing role in financing key sectors, including small businesses, agriculture, housing, and education.
“There is a story being told here: Belizeans are accessing finance, businesses are growing,” Martinez stated.
Martinez also highlighted new access to climate financing following DFC’s accreditation to the Green Climate Fund.
“This opens the door to investments that we once could not facilitate,” he said.
The post Development Finance Corporation expands lending and access to assist Belizean businesses appeared first on Belize News and Opinion on www.breakingbelizenews.com.
By Zoila Palma: The Development Finance Corporation (DFC) is undergoing major expansion and is set to transition into a development bank, Minister Osmond Martinez said during his budget presentation on Wednesday. Martinez reported that the institution exceeded its lending targets, with loan approvals reaching $61.85 million and total portfolio value rising to $175.46 million. “DFC’s
The post Development Finance Corporation expands lending and access to assist Belizean businesses appeared first on Belize News and Opinion on www.breakingbelizenews.com.
