Description/achievement of initiative
Strengthening of the ecosystem for SME finance through: (1) Design of the SBDC Belize Expansion Plan; (2) Implementation of SBDC Belize Expansion Plan; and (3) knowledge management and strategic communication (training to financial intermediaries for improving operational capacities in originating and managing SME loan portfolio, as well as to small businesses in their competitiveness, viability and financial sustainability.)
Implementation methodologies
Consultants where hired for the implementation of different components. A project coordinator was hired to coordinate all activities.
Arrangements for Capacity-Building and Technology Transfer
One of the project component included capacity building to the Financial Institutions and MSMEs. At the moment, Beltraide is carrying out the 2nd round of training for MSMEs in different locations in Belize. In May 2018, 268 persons were trained.
Coordination mechanisms/governance structure
The initiative is being coordinate by BELTRAIDE. Non-objections are provided by the bank (MIF/IDB)
Partner(s)
Inter-American Development Bank; BELTRAIDE; Government of Belize
05/2018
