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How Can Belize Reap The Best Fruits From Our Agricultural Sector?


According to the Statistical Institute of Belize, the Agricultural sector, which is the backbone for our country’s revenues, had once again reduced its contribution to Belize’s Gross Domestic Product. This time, it was a much more significant decrease of 3.4%, from 2010 to 2011. One is left to plunder, how can we now address such dilemma?

With this sector being one of utmost importance to our country, necessary attention must be given particularly, by the primary stakeholders. Whether we are talking about the producers, processors, health authority, NGO’s, policy makers, or just the everyday consumer, we must ensure a quick rebound of this sector.

As producers, capitalize on your land, embrace capacity building and reap the best fruits from your land.  One way to do this is by engaging in multi-cropping, that is, cultivating two or more crops in the same space, at the same time. Multi-cropping can be done with tomatoes and cabbages, ocro and yams, sweet pepper and cucumber, or even lime and oranges; by the end of the day, these will lead to the intensification of land use; and division of production cost between these products.

Apart from farmers playing their role, it should in the best interest of policy makers, to provide positive incentives to these farmers, in order for them to be able to increase their production.  One such incentive can be in the form of land, increasing producers’ access to land, would certainly expand these producers cultivated area and increase their level of production, which will create employment for Belizeans. Continue reading “How Can Belize Reap The Best Fruits From Our Agricultural Sector?”

FOROMIC 2012


Micro, small and medium enterprise development will be in the spotlight when Barbados hosts the XV Inter-American Forum on Microenterprise (FOROMIC XV) at the Lloyd Erskine Sandiford Centre, October 1-3, 2012.

FOROMIC, organized annually by the Inter-American Development Bank’s (IDB) Multilateral Investment Fund (MIF), is the premier event for the discussion of microenterprise and small business development, microfinance, and innovative entrepreneurial models and solutions in Latin America and the Caribbean. FOROMIC XV is the first held in an English-speaking Caribbean country, which creates exciting opportunities for visitors from Latin America to learn about successful Caribbean companies and projects, and vice versa.

FOROMIC XV, jointly hosted by the MIF and the Government of Barbados, will include representation from the private, public and nonprofit sectors.  Its theme, “Unlocking Entrepreneurship: Towards Innovative Solutions”, underscores the importance of uniting all these diverse stakeholders to exchange experiences and work together for continued economic development region-wide.

For more information, please click here.

BELTRAIDE TO BE THE CHANNEL FOR SUBMISSIONS OF APPLICATIONS FOR CARIBBEAN EXPORT DEVELOPMENT AGENCY’S (CEDA) NEW CALL FOR PROPOSALS FOR THE REGULAR PROCEDURES


PRESS RELEASE

IMPORTANT NOTICE

BELTRAIDE TO BE THE CHANNEL FOR SUBMISSIONS OF APPLICATIONS FOR CARIBBEAN EXPORT DEVELOPMENT AGENCY’S (CEDA) NEW CALL FOR PROPOSALS FOR THE REGULAR PROCEDURES

May 24, 2012 – The Belize Trade and Investment Development Service (BELTRAIDE) would like to announce to the general public that upon official request from the Caribbean Export Development Agency (CEDA), and subsequent to the cancellation of the 1st Call for Proposals for the Regular Procedures, BELTRAIDE will be the channel for the submission of applications for the new call for proposals, scheduled to be published on Monday, June 4th, 2012. The deadline for applications will be Friday, June 29th, 2012, and the documents must be remitted to the offices of Caribbean Export, on or before 2:30pm (BELIZE TIME)!

Applications must be submitted in two (2) hard copies to BELTRAIDE on or between the period June 4th, 2012 to June 29th, 2012, who will be forwarding the applications to CEDA to defray applicant’s expenses relating to courier service. Alternatively, applicants can mail directly to Caribbean Export if this is not the preferred method of submission.

Kindly visit CEDA’s website http://www.carib-export.com/website/ to obtain the application form and the guideline for application, visit our facebook page at www.facebook.com/beltraide to download, or simply email us so we can forward the application directly to you. The application and guideline will be available as of June 4th, 2012.

For more information, Contact us:

Belize Trade and Investment Development Service (BELTRAIDE)

14 Orchid Garden St., City of Belmopan, Cayo District, Belize

Tel: 501-822-3737

Fax: 501-822-0595

Email: beltraide@belizeinvest.org.bz

nilda@belizeinvest.org.bz

Web Address: www.belizeinvest.org.bz

—END—

FOR IMMEDIATE RELEASE, May 24th, 2012

BELTRAIDE and Idealab Partnering to Publish Belize’s First Investment Magazine!


PRESS RELEASEImage

April 12th, 2012- “Invest in Belize … the natural niche” BELTRAIDE, in  partnership with Idealab, is sponsoring the creation of a high level business and investment magazine.  Invest Belize will be used as a promotional tool showcasing Belize in a progressive light for what it represents: an investment destination. The magazine is featured in strategic locales to aggressive investors who are seeking to invest in new dynamic markets, such as Belize. This publication features the various major investment opportunities, while providing up to date information on policy, trade agreements, statistics, and projections to the investment community in Belize and abroad.

The Magazine offers exceptional opportunities for the Government of Belize and the private sector to deliver their message in the form of feature articles on current affairs and business and investment opportunities in Belize, as well as in the form of advertisements. Continue reading “BELTRAIDE and Idealab Partnering to Publish Belize’s First Investment Magazine!”

Apply Now for Caribbean Idea Marketplace Matching Grants


U.S. DEPARTMENT OF STATE

Office of the Spokesperson

For Immediate Release                                                                                                                                                                                  March 22, 2012

2012/436

MEDIA NOTE

Applications are being accepted now for Caribbean Idea Marketplace matching grants.  The deadline for applications is May 31, 2012.  The Caribbean Idea Marketplace (CIM) is a business competition platform that encourages local Caribbean and diaspora entrepreneurs to forge partnerships around innovative projects that will generate employment and economic opportunities in the Caribbean region.  CIM will provide up to $100,000 in matching grants to each winning project.

CIM was officially launched on March 1, 2012, at the Invest Jamaica forum in Montego Bay, Jamaica, which followed Secretary Clinton’s announcement of the initiative during a meeting with Caribbean leaders in Jamaica in 2011.  The Department of State’s partners in this effort include the Inter-American Development Bank’s Compete Caribbean program, the UK Department for International Development (DFID), and the Canadian International Development Agency (CIDA).  Partners also include Digicel, Scotiabank, and the Overseas Private Investment Corporation (OPIC). Continue reading “Apply Now for Caribbean Idea Marketplace Matching Grants”

Message from the Executive Chairman of BELTRAIDE


A little under a year ago, BELTRAIDE commenced a revitalization of its mandate to develop private sector opportunities in Belize.  The organization’s new face now includes not only a renovated office facility, but also the creation of new departments staffed with dynamic, qualified people with keen focus on business and investor support who are responsive to a constantly changing environment.

The organization’s new board of directors has authorized the new direction for BELTRAIDE through the adoption of new Vision and Mission Statements, following a board retreat on October 18, 2011.  This new Vision states that BELTRAIDE exists to “enable a dynamic and competitive business environment for Belize socio-economic development”.  In order to realize this Vision, the organization will pursue a mission to “enhance Belize’s prosperity by fostering investor confidence, entrepreneurship, business growth and innovation.”

In an effort to meet its new mandate, BELTRAIDE’s new structure includes the development of three core areas of focus: Projects and Policy support, Business Development, and Business Facilitation.

Continue reading “Message from the Executive Chairman of BELTRAIDE”

ATLANTIC BANK FACILITATING INVESTMENT THROUGH FINANCING OPPORTUNITIES


(Story featured in The Reporter Newspaper)

Atlantic Bank in Belize City has announced that through financial collaboration with the IFC  and the Canadian International Development Agency, the bank will  have more than $15 million for onlending to small and medium development enterprises in Belize.

This new infusion of cash represents a 40 percent increase in A.B’s SME portfolio over the next five years.

Announcing the good news this week Atlantic’s General Manager in Belize, Mrs. Sandra Bedran said:“We welcome IFC as a partner in our effort to create a sustainable and prosperous business environment for our SMEs, and look forward to helping the country diversify and increase economic activity where it is most needed.”

IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in developing countries. IFC creates opportunity for people to escape poverty and improve their lives by providing financing to help businesses employ more people and supply essential services, by mobilizing capital from others, and through the delivery of advisory services to ensure sustainable development.

In a time of global economic uncertainty, IFC’s new investments climbed to a record $19 billion in fiscal 2011.

Atlantic Bank is Belize’s third largest bank in terms of assets and loans disbursed. The bank has 15 locations across the country and works with individuals, small businesses, and corporations, offering a wide range of banking products and services including credit cards, online banking, savings and deposits, payroll  and merchant services.

Atlantic Bank Ltd, established more than 40 years ago, is a 55-percent owned subsidiary of Sociedad Nacional de Inversiones, S.A. of Honduran.

Atlantic Bank has not indicated what rate structures it will put in place for its development loans.

It is anticipated it may have to compete with credit unions which now offer personalized loans at the rate of one percent a month on the remaining balance.

 

VISIT THE REPORTER NEWSPAPER OFFICIAL WEBSITE FOR MORE INFORMATION.

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