Friday, June 14, 2024

Belize’s NDA Presents at GCF Global Conference in Korea


Dr. Osmond Martinez, Chief Executive Officer in the Ministry of Economic Development and Belize’s National Designated Authority (NDA), presented at the Green Climate Fund (GCF) Global Conference for Programming in the Republic of Korea, on the topic of Accreditation and Partnership Modalities to Leverage GCF Financing.
CEO Martinez expressed that under the leadership of Prime Minister Hon. John Briceno, Belize’s political will is at its highest, moving away from a traditional economic system to a modern and innovative one. He further shared that Belize’s priorities for programming with the GCF are aligned with the country’s national strategies, such as the Medium-Term Development Strategy, the Climate Finance Strategy, the National Determined Contributions and the Blue Bond commitments, to name a few. These strategies facilitate the Government of Belize in identifying where investments and adaptation need to be made.
The CEO also reiterated to GCF the urgency to fast-track accreditation for national entities such as the Development Finance Corporation, the Belize Social Investment Fund and the Ministry of Economic Development. With accreditation, these entities can better serve the private sector in Belize, which will also impact micro, small and medium enterprises; act on developmental interventions across varying sectors of education, water, health and sanitation; and facilitate public sector climate investment projects.
Additionally, CEO Martinez emphasized that under the GCF, it is necessary to enable a friendly environment for academia to conduct scientific research, create policies using empirical data and produce scientific conclusions to mitigate the impact of climate change in Belize.
As the NDA, CEO Martinez will continue to work diligently in liaising with other line ministries and stakeholders to further develop strategic approaches for programming with the GCF and expressed that Belize looks forward to the continued partnership with the fund.

Read more


Please help support Local Journalism in Belize

For the first time in the history of the island's community newspaper, The San Pedro Sun is appealing to their thousands of readers to help support the paper during the COVID-19 pandemic. Since 1991 we have tirelessly provided vital local and national news. Now, more than ever, our community depends on us for trustworthy reporting, but our hard work comes with a cost. We need your support to keep delivering the news you rely on each and every day. Every reader contribution, however big or small, is so valuable. Please support us by making a contribution.

Local News