Previous Thread
Next Thread
Print Thread
IDB approves $25 million loan to Belize #222706
12/12/06 05:15 PM
12/12/06 05:15 PM
Joined: Oct 1999
Posts: 61,275
oregon, spr
Marty Offline OP

Marty  Offline OP
IDB approves $25 million loan to Belize to assist economic reforms

Washington --- 12 Dec. 2006 --- The Inter-American Development Bank today announced the approval of a $25 million fast-disbursing loan to support Belize’s agenda of reforms to restore macroeconomic and financial stability, improve its business climate and bolster investor confidence.

Belize has made progress in addressing serious macroeconomic imbalances by following a homegrown strategy. Its authorities have expressed a firm commitment to maintaining stability through a comprehensive medium-term economic program, where reaching a cooperative agreement with private creditors on restructuring its external debt will be paramount.

The IDB loan will assist Belize’s government, which has taken steps to strengthen its fiscal position by raising revenues and cutting expenditures. Through those measures it has reduced the fiscal deficit from 8.7 percent of GDP in 2004 to 3.3 percent in 2005.

The loan will be disbursed in two tranches, the first one of $10 million and the second one of $15 million, as Belize goes forward with its reforms. The Ministry of Finance will be responsible for the program’s execution.

The loan was granted for 20 years, with a five-year grace period and a LIBOR-based interest rate.

Re: IDB approves $25 million loan to Belize [Re: Marty] #222755
12/12/06 07:56 PM
12/12/06 07:56 PM

I wonder whose personal estate this money will end up in?

Portofino Resort- Now with a new BEACH BAR!!
Click for excellent scuba lessons with Elbert Greer!
Chaa Creek is an award-winning luxury Belize Resort, rated as one of the worlds best Eco Lodges. We are a pioneer in adventure travel to Belize since 1981!

Things to do

Daily News
Daily Weather

Classified Ads
San Pedro Sun
Ambergris Today
SP Town Council
Channel 7
Channel 5
Love FM
The Reporter
TV Newscasts
Radio Stations

Click for our
Search thousands of Belizean-only websites

Event Guides
Event Calendar
Specials & Events
Things to Do
iTravel Belize
Paradise Theater
San Pedro Fun Finder
Paradise Guy Event Calendar
Cayo Event Calendar

San Pedro Scoop!
Tia Chocolate
My Beautiful Belize
I-Travel Belize
Belize Adventure
Belize Hub
Romantic Travel
Belize Happy Adventures
Conch Creative
As The Coconuts Drop
More Blogs...
Search thousands of Belizean-only websites
White Sands Dive Shop - 5 Star PADI Dive Facility - Daily diving, SCUBA instruction and Snorkeling
Caribbean Inspired All Natural Condiments & Spice Blends, Over 100 are Gluten Free!
We manage a variety of homes, apartments, condos and commercial properties here on Ambergris Caye. Our minimum lease on ALL properties is six months.
Click for Ian Anderson's Caves Branch, Welcome to a World of Adventure
Lil Alphonse has snorkel equipment to fit anyone as well as Marine Park Tickets and flotation devices to assist those not as experienced.
Coastal Xpress offers a daily scheduled ferry run to most resorts, restaurants and private piers on the island of Anbergris Caye. We also offer  private and charter water taxi service.
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
Cayo Espanto
Click for Cayo Espanto, and have your own private island
More Links
Click for exciting and adventurous tours of Belize with Katie Valk!
ShoutChat Box
Who's Online Now
4 registered members (pvfisher, elbert, 2 invisible), 350 guests, and 15 spiders.
Key: Admin, Global Mod, Mod
Forum Statistics
Most Online2,982
Jan 29th, 2019 HELP! Visitor Center Goods & Services San Pedro Town Message Board Lodging Diving Fishing Things to Do History Maps Phonebook Belize Business Directory Picture of the Day

The opinions and views expressed on this board are the subjective opinions of Ambergris Caye Message Board members
and not of the Ambergris Caye Message Board its affiliates, or its employees.

Powered by UBB.threads™ PHP Forum Software 7.7.1