The Government of Belize today signed a 30 million dollar loan with the International Bank for Reconstruction and Development, the World Bank, for the carrying out of a Municipal Development Project. This is the first project since Belize’s re-engagement with the World Bank, and will focus on key areas in the municipalities of Corozal, Orange Walk, San Ignacio/ Santa Elena, Benque Viejo, Dangriga, Punta Gorda and the City of Belmopan. This Municipal Development Project will be implemented by a unit within the Social Investment Fund and is aimed at providing capacity building within municipal bodies in key areas including revenue generation, finance, human resource and traffic management, and carrying out small-scale infrastructure projects - namely streets and drains, that were identified as priority areas during town hall consultations held in each municipality.

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