Belize, World Bank Group Forge New Path for Investment and Sustainable Growth

The Ministry of Economic Transformation (MET) has concluded a high-level mission with the World Bank Group (WBG).

The four-day mission was led by Carlos Felipe Jaramillo, World Bank Vice President for Latin America and the Caribbean, and Alfonso García Mora, IFC Vice President for the region. It marked the first official visit of this level between the Government of Belize and the WBG.

Key discussions focused on strengthening Belize’s logistics capacity and exploring avenues for sustainable infrastructure development. The mission also included a field visit to San Pedro Town, where delegates observed progress under the Blue Cities and Beyond Project. The visit highlighted nature-based solutions being implemented by the San Pedro Town Council to combat the growing challenge of sargassum accumulation.

The mission culminated with the signing of a Memorandum of Understanding (MOU) between the Government of Belize and the International Finance Corporation (IFC). The agreement outlines plans to develop a pipeline of investable Public-Private Partnership (PPP) projects that align with Belize’s national development priorities.