By Zoila Palma: Today, the Government of Belize and the United States Government, through the Millennium Challenge Corporation (MCC), officially launched implementation of the US$125 million Belize Compact, marking the start of its five-year implementation period.
The launch ceremony, held at the Belize Biltmore Plaza in Belize City, featured remarks from Prime Minister John Briceño, U.S. Ambassador to Belize André Bauer, MCC Acting Vice President of Compact Operations Jason Small and MCA-Belize Executive Director Dr. Marcia Bouloy. Implementation of the compact will now be led by MCA-Belize.
The grant will target two major economic challenges identified in Belize: education and the high cost of electricity.
Through the Education Project, investments will focus on strengthening secondary education, improving learning outcomes, developing teachers and school leaders, and expanding technical and vocational education and training to better prepare young Belizeans for further education and employment.
The Energy Project will seek to improve the efficiency and reliability of Belize’s electricity system while helping to reduce overall costs. A major component will strengthen electricity transmission to Ambergris Caye, reducing reliance on higher-cost localized emergency generation, while additional reforms will support modernization of the country’s energy policy and regulatory framework.
Prime Minister Briceño described the compact as a partnership aimed at long-term development.
“MCC and the Government of Belize designed this compact together in the spirit of true partnership,” he said. “This grant builds upon development priorities in Belize to deliver long-term economic growth for our people.”
The five-year initiative is expected to strengthen human capital, support businesses and communities, and contribute to sustainable economic growth.
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By Zoila Palma: Today, the Government of Belize and the United States Government, through the Millennium Challenge Corporation (MCC), officially launched implementation of the US$125 million Belize Compact, marking the start of its five-year implementation period. The launch ceremony, held at the Belize Biltmore Plaza in Belize City, featured remarks from Prime Minister John Briceño,
The post Belize and U.S. launch US$125 million 5-year investment in Education and Energy appeared first on Belize News and Opinion on www.breakingbelizenews.com.
