September 16, 2021, Belize City. The Belize Trade and Investment Development Service (BELTRAIDE) signed a Memorandum of Understanding (MOU) with the Development Financial Corporation (DFC) to collaborate on implementing the “BELIZE ENTERPRISE REVOLVING FUND” (BERF) Project, financed by the CARICOM Development Fund (CDF). This project aims to diversify the national economy of Belize by strengthening and improving the competitiveness of Micro, Small and Medium Enterprises (MSMEs), including those with export potential, through financing and technical assistance.
The Belize Trade and Investment Development Service (BELTRAIDE) signed a contribution agreement with the High Commission of Canada to Belize under the Canada Fund for Local Initiatives (CLFI), a fund that finances projects designed to promote gender equality and empowerment of women and girls, human rights, democracy and governance, peace and security, climate action, and economic growth.
The High Commission of Canada will contribute CAD$ 21,282.45 (approximately BZD $35,000) to BELTRAIDE to support the project “Female Entrepreneurship Program: Strengthening the economic empowerment and leadership skills of 20 women cacao farmers in Southern Belize through a Train of Trainers Program, advisory, and mentorship support” which aims to improve the competencies and economic empowerment and leadership skills of 20 women cacao farmers in the Toledo District, Belize throughout a 6-month period.
The specific objectives are:
To develop a Train the Trainers’ program for 20 women cacao farmers who will receive technical assistance, tools, and generate knowledge for business innovation throughout 11 weeks.
To provide advisory and mentorship to 20 women cacao entrepreneurs throughout the six-month period and to transfer knowledge to other women over the medium to long term.
To transfer knowledge to 40 women cacao farmers within Toledo over the medium to long-term.
The agreement was signed by Dr. Leroy Almendarez, Executive Director of BELTRAIDE and Rita Rudaitis-Renaud, the High Commissioner of Canada to Belize.
For more information, please feel free to contact us: Belize Trade and Investment Development Service (BELTRAIDE) 3401 Mountain View Boulevard, Suite 201, City of Belmopan, Cayo District, Belize Tel: 822-3737 or Email: firstname.lastname@example.org
Micro, Small, Medium, Enterprises (MSMEs) are significant for income generation, employment and livelihoods, especially for women and youths. One of the Belize Trade and Investment Development Service (BELTRAIDE) core functions is create economic prosperity though entrepreneurial development, business innovation, and competitiveness. In order to meet this objective, BELTRAIDE is currently implementing the Building Resilient MSMES Accelerating Digitization Project which is financed by the United Nations Development Programme (UNDP).
BUILDING RESILIENT MSMES- ACCELERATING DIGITIZATION PROJECT
The Belize Trade and Investment Development Service (BELTRAIDE) has received a grant from the United Nations Development Programme (UNDP) to assist BELTRAIDE in establishing national structures to support the accelerated digitization of MSMEs in Belize.