The Caribbean Development Bank has approved a US$5-million loan for the Belize Agriculture Project.
The loan was approved by the bank’s board of directors last month.
The project aims to increase small farmers’ agricultural productivity and adaptability in rural Belize.
It will see 70 kilometres worth of agricultural and rural roads rehabilitated, and newly installed irrigation and drainage systems to supply water to approximately 450 acres.
Additionally, a national climate information system will be established.
The project is estimated to cost a total US$25 million.
It is jointly financed by the International Fund for Agricultural Development and the Green Climate Fund along with CDB.