News Americas, New York, NY, 5 September 2024: The United States and Belize have signed a transformative $125 million Millennium Challenge Corporation (MCC) compact aimed at promoting sustainable economic growth and strengthening democratic institutions in Belize.
This historic agreement underscores the continued commitment of the US to promote prosperity and development in the Western Hemisphere, US Secretary of State Anthony Blinken said today.
In addition to the US grant, the government of Belize has pledged $40.6 million in funding to support the initiative, marking a significant investment in the country’s future. The grant will mainly focus on two main areas: education and modernization of the energy sector.
Eighty percent of the funds will be dedicated to improving Belize’s secondary education system, with the goal of increasing learning outcomes and equipping Belizean students with the skills they need to succeed. The remaining 20 percent of the grant will support efforts to modernize Belize’s energy sector, with an emphasis on expanding renewable energy sources to lower electricity costs for consumers.
The United States and Belize worked together in the development of these projects to ensure that they bring the greatest economic and social benefit to the Belizean people while meeting the highest standards of quality and transparency.
“This collaborative effort reflects our commitment to fostering the long-term development of Belize and the region. We are excited to see the positive impact this partnership will have on the lives of all Belizeans,” said Blinken.
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