Belize Development Policy Credit with a Catastrophe Deferred Drawdown Option

About this project

The development objective of Development Policy Credit with Catastrophe Deferred Drawdown Option for Belize is to enhance the institutional, technical, and financial capacity of the Government of Belize (GoB) to manage risk resulting from the occurrence of natural hazards, including the adverse effects of climate change. The program aims to enhance the institutional, technical, and financial capacity of the Government of Belize (GoB) to manage risks resulting from the occurrence of natural hazards, including the adverse effects of climate change. The operation aims to strengthen policy and legislative reforms to improve climate and disaster resilience in construction, planning, preparedness, and response activities. Policy reforms are organized under two pillars: Pillar 1: Strengthening National Resilience and Disaster Preparedness and Response Capacities, focuses on strengthening Belize's national resilience and preparedness and response systems through the NDPRP (PA1), the National Land Use Policy (PA2), and regulations consisting of a National Building Code (PA3). Pillar 2: Strengthening Financial and Fiscal Resilience Against Natural Hazards and Climate Change, equips Belize with the tools and buffers needed to respond quickly to hazards, through reforms enhancing financial preparedness and resilience [Disaster Risk Financing (DRF) Policy – (PA4)], fiscal discipline and stability [Medium-Term Fiscal Framework (MTFF) – (PA5)], and financial protection and recovery [(Micro…

Published by

World Bank · Multilateral

Countries

Belize

Sectors

Multi-hazard response preparednessBudget planningFinancial policy and administrative managementHousing policy and administrative managementDisaster Risk Reduction

Places

Belmopan

Funded by

International Development Association

Implemented by

Ministry of Finance, Investment, Economic Transformation, Civil Aviation and E-Governance

Accountable

Belize

Passes funds through

International Development Association

Published by World Bank to the International Aid Transparency Initiative (IATI), last updated 3 Oct 2026 and imported automatically. IATI identifier: 44000-P505490.

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