By Belize Live News Staff: Belize has taken another significant step in advancing its sustainable development goals (SDGs) through strengthened financial strategies. Over the past week, the Government of Belize engaged in high-level consultations with the United Nations Conference on Trade and Development (UNCTAD) and the Economic Commission for Latin America and the Caribbean (ECLAC) to enhance access to sustainable development financing.
Ambassador Amalia Mai, CEO of the Ministry of Foreign Affairs and Foreign Trade, officially closed the discussions, which centered on securing affordable external funding, improving debt sustainability, and expanding climate finance through UNCTAD’s Sustainable Development Finance Assessment (SDFA) framework.
Building on its successful Blue Bonds initiative, which reduced national debt while protecting marine ecosystems, Belize explored similar financial instruments, including green bonds and debt-for-climate swaps, to address its US$1.65 billion climate finance needs.
As climate threats like hurricanes and coastal erosion intensify, Belize remains committed to securing long-term financial solutions. UNCTAD and ECLAC reaffirmed their support in helping Belize build financial resilience and drive sustainable economic growth.
Stay updated with Belize Live News for more on Belize’s progress in sustainable development.
