World Bank Approves New Strategy for Belize to Support Growth, Jobs, the Energy Transition, and Skills Development
Belize, May 20 -- The World Bank Group's Board of Executive Directors have approved a new Country Partnership Framework for Belize. The strategy focuses on expanding economic opportunity and creating more and better jobs for Belizeans by spurring private sector-led growth, improving energy reliability, and building a better skilled workforce while strengthening the country's resilience to natural hazards.With a GDP of US$3 billion and a population of roughly 420,000, tourism in Belize contributes 45 percent of GDP, but the country is among the most exposed in the region to climate impacts. The government's ambitious reform agenda has resulted in public debt being cut from 103 to 62 percent of GDP, unemployment standing at a historic low of ...
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