By Belize Live News Staff: The Office of the Prime Minister and the Ministry of Investment, through the Investment Policy and Compliance Unit (IPCU), in collaboration with the United Nations Industrial Development Organization (UNIDO), have successfully completed a COMFAR (Computer Model for Feasibility Analysis and Reporting) training course in Belize.
The weeklong program, titled “COMFAR Training Course in Financial Analysis of Investment Project Scenarios,” equipped government technical officers with tools for project appraisal and feasibility analysis to strengthen support for local and foreign investments.
COMFAR is a specialized software used worldwide for financial and economic feasibility studies, particularly in large infrastructure and public-private partnership projects. It allows users to evaluate the short- and long-term outcomes of industrial and non-industrial investments, including environmental and development impacts.
Seventeen participants from key government agencies and organizations completed the training, including representatives from the Economic Development Council, BELTRAIDE, Statistical Institute of Belize, Ministry of Blue Economy, and the Public-Private Partnership Unit.
The initiative forms part of the UNIDO-funded “Belize Industrial Strategy with Green and Blue Industrial Policies” project, which aims to promote sustainable economic growth, innovation, and productivity in Belize’s priority sectors.
At the closing ceremony, CEO Narda Garcia, Director Lincoln Blake, and UNIDO officials Maria Elena Barrionuevo and Robert Novak commended participants for their commitment to advancing Belize’s investment readiness and capacity.
