World Bank Provides US$8M to Strengthen Agriculture and Food Security in Belize
(The World Bank) August 27, 2020 – Belize will strengthen its response to the socioeconomic hardship caused by COVID-19 with a US$8 million reallocation of funds from the World Bank to support the country’s agricultural sector and improve food security in the context of the pandemic. The programme will benefit more than 8,700 agricultural households in the country.
“Agriculture is essential to support lives and livelihoods in Belize, particularly during this challenging period. This financing will assist farmers who have been affected by COVID-19 and drought and increase farmers’ ability to provide food for the nation,” said Tahseen Sayed, World Bank Country Director for the Caribbean.
Measures taken to prevent the further outbreak of the pandemic, such as the closing of borders, have caused interruptions in agricultural supply chains and a decline in economic activity. Many farmers have lost revenue due to the drop in tourism, disruption in export markets, and reduction in domestic spending caused by job losses. The agricultural sector has also experienced drought since last year. The reallocated funds will provide support for agricultural households severely affected by the pandemic or drought and whose commodities contribute to food security and socioeconomic development.
Read more at: World Bank