CDB provides loan facility to Belize for a Student Loan Scheme

CDB provides loan facility to Belize for a Student Loan Scheme

The Government of Belize will embark on a student loan scheme, thanks to a 6-million-dollar facility from the Caribbean Development Bank, CDB.  A release from CDB says that the money will assist close to 800 learners, including financially disadvantaged persons, pursuing post-secondary and tertiary level programmes. Through the Belize Student Loan Project, funds will be made available to the country’s Development Finance Corporation, DFC, to assist students seeking training in areas identified under GOBZ’s human resource development strategy as critical for improving the country’s economic competitiveness. The loan to the Belize Government was approved at a recent meeting of CDB’s Board of Directors. CDB’s Vice-President of Operations, Isaac Solomon was quoted as saying that to improve economic competitiveness and social cohesion access to learning, training and capacity-building opportunities must be available as widely as possible, especially for persons with financial challenges. Anticipated benefits of the CDB Project include escalations in enrolment and graduation rates for tertiary level programmes, an increased number of highly skilled professionals and practitioners entering the Belizean workforce, and improvements in the employability and productivity of the local human resource pool.

Related post

Chief Environmental Officer Explains Why Waterloo’s Port Project was Rejection

Chief Environmental Officer Explains Why Waterloo’s Port Project was…

Yesterday, the Department of Environment (DOE) announced that it had rejected the Port of Belize Limited Cruise Tourism Facility and Cargo…
DOE and BCCI Resolve Miscommunication

DOE and BCCI Resolve Miscommunication

In related news, the DOE has responded to a press release issued by the Belize Chamber of Commerce and Industry (BCCI)…
Oceana Belize responds to PM on seismic testing issue

Oceana Belize responds to PM on seismic testing issue

Oceana Belize raised the alarm in November on a report that the Government of Belize was contemplating conducting seismic testing and…