Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Belize
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • World Bank (WB)
Bank Risk Rating: B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Board Decision Date: 2020-12-31
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower or Client: Ministry of Economic Development, Petroleum, Investment, Trade and Commerce
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Agriculture and Forestry
Investment Type(s): Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 3.80 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD): $ 4.08 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.

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Primary Source

Original disclosure @ WB website
Updated in EWS: 2017-06-22
Disclosure Date: 2016-03-25
Belize FCPF REDD Readiness Preparation
WB-P152415

Project Description
The Project Development Objective is to assist Belize in carrying out Readiness Preparation through a participatory and inclusive process in order to strengthen their capacity to participate in future REDD+ carbon payment transactions. Key results expected include: 1) Development of a National REDD+ Implementation Framework, including a National REDD+ Policy, carbon rights, capacity building for the REDD+ Strategy options, and a benefit sharing mechanism; 2) Government institutions provided with capacity building to improve management of forest resources; and 3) Multi-stakeholders including indigenous peoples participating in the consultations and capacity building activities for REDD+, of which 30% are female.
Investment Description
The Project would be financed by a US$3.80 million Fund of the Forest Carbon Partnership Facility Readiness grant and US$0.283 million in-kind counterpart financing by the Government of Belize. In addition, the Project would be supported by parallel financing from complementary investments, including the REDD/CCAD-GIZ Regional Program for Belize and the Management and Protection of Key Biodiversity Areas (KBAs) Project (WB/P130474/TF016773).
Contact Information
ACCOUNTABILITY MECHANISM OF WORLD BANK The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.
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