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Results Briefs August 24, 2018

Investing in Climate Resilient Infrastructure in Belize: $30 million in IBRD Sustainable Development Bonds


Results from the World Bank Treasury

  • Purpose:To enhance the resilience of road infrastructure against flood risks and the impacts of climate change
  • IBRD Financing: $30 million
  • Expected Results (include): Rehabilitate 30 Km of roads; improve 12 bridges and culverts; 50% reduction in road interruption due to flooding; 170,000 direct beneficiaries living near the road networks in the Greater Belize City area and Belmopan.

Country Challenge

Belize is a small country (pop. 330,000) bordering Mexico and Guatemala. In recent years, poverty has increased due to a stagnating economy and the impact of frequent hurricanes and tropical storms. Climate change (sea level rise, more severe and frequent storms) are expected to increase Belize’s vulnerability as more than 50% of the population and businesses are located on or near the long low lying coastline.

Project Goals

The project supports rehabilitation and reconstruction of the country’s road infrastructure to address increased flood risk. It also builds the government’s capacity to better plan land use to increase resilience to climate change (e.g., improved zoning) and to upgrade road maintenance.

$30 million

Learn more about the role of IBRD Financing and how the World Bank Treasury contributes to the overall mission of the World Bank Group.