DFC and Belize Fund Sign MOU to Boost Climate and Marine Financing

The Development Finance Corporation (DFC) and the Belize Fund for a Sustainable Future have signed a Memorandum of Understanding to expand financing for climate adaptation and blue economy projects in Belize.

The agreement’s goal is to make conservation funding more accessible, especially for small organisations facing challenges in securing support.

Henry Anderson, CEO of DFC, said the partnership aligns with the agency’s strategic goals. “It makes sense because for DFC, in terms of our strategic objectives, we want to invest in the Blue Economy. It was a natural partnership.”

Anderson added that the collaboration will support co-financing, information sharing, and community engagement, while promoting projects that build resilience and sustainability.

He stated that the partnership focuses on communities connected to the marine environment. “With the collaboration, we are improving resilience, sustainability, and the equitable development of Belizean lives.”

“When we partner with the fund, let’s say, for example, if you fish lobster, there are certain traps you need to have. Well, the fund can come in and say, ‘If you use that technology, we will pay x-percent towards your loan,'” Anderson explained. “And what that does, it provides help to the fisher, it de-risks DFC, and you get the impact of ensuring that in terms of protecting the natural capital, it’s there and it’s reusable. That is just one example.”