Early Warning System

Countries

Belize

Geographic location where the impacts of the investment may be experienced.

Specific Location

Belize City, and others

Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.

Financial Institutions

Caribbean Development Bank (CDB)

International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.

Project Status

Active

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."

Voting Date

Dec 1, 2018

Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.

Borrower

Government of Belize

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Education and Health
Technical Cooperation
Transport

The service or industry focus of the investment. A project can have several sectors.

Project Cost (USD)

$ 7.38 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.

Bank Documents

Primary Source

Original disclosure @ CDB website

Updated in EWS Jun 7, 2023

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the CDB, the project will enhance road safety along a demonstration corridor from Belize City to the border with Mexico, by improving road safety management; increasing the awareness and understanding of risks, improving traffic law enforcement; and enhancing post-crash response. Through parallel investment by the Government, the safety of the road infrastructure along this corridor will also be improved.
The Technical Assistance is geared towards the capacity building on the provision of mental health and psychosocial support services for persons who work at the front-line providing care to victims of road crashes.

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

Caribbean Development Bank (CDB)

Private Actors Description

A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

Ignite Ltd. is a communications company based in Belize.

As stated on the company's website, Tracksolution Belize Ltd. is a Belizean owned company that brings an advanced GPS tracking solution at a very affordable price.

Private Actor 1	Private Actor 1 Role	Private Actor 1 Sector	Relation	Private Actor 2	Private Actor 2 Role	Private Actor 2 Sector
-	-	-	-	Ignite Ltd.	Contractor	Communications
-	-	-	-	Traksolution Belize Ltd.	Contractor	Industry and Trade

Contact Information

This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Contractors -

Ignite Ltd.:

Address: 63 Eve Street, Belize City
Email: projectwizard@ignitebelize.com
Phone: +501-610-4186 / +501 223-4152
Website: https://www.ignitebelize.com/

Pan American Health Organization:

Address: 525 23rd Street NW, Washington, DC 20037
Phone: +1 (202) 974-3000
Fax: +1 (202) 974-3663
Website: https://www.paho.org/en

Traksolution Belize Ltd.:

Address: 12 3rd Street, Belize City, Belize, Central America
Phone: +501-610-2512
Email Address: traksolutionbz@gmail.com
Website: https://www.traksolutionbelize.com/

ACCOUNTABILITY MECHANISM OF THE CDB

Complaints about suspected fraud and/or corruption may be submitted to the Office of Integrity, Compliance and Accountability. Allegations may be made by a variety of sources including staff, consultants, contractors, and other persons who may consider themselves participants in, witness to or victims of wrongdoing.

To make a complaint, access the following webpage: https://secure.ethicspoint.com/domain/media/en/gui/55678/index.html.