Belize Development Policy Credit with a Catastrophe Deferred Drawdown Option (WB-P505490)

Countries
  • Belize
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
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
Jul 29, 2025
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
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 20.00 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.
Loan Amount (USD)
$ 20.00 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.
Project Cost (USD)
$ 20.00 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 @ WB website

Updated in EWS Aug 22, 2026

Disclosed by Bank Mar 3, 2025

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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 WB, the development objective 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 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 [(Microinsurance regulations - (PA6)]. The operation requires an IDA credit in the amount of 20 million US dollars under the Small States Exception Policy, with its first allocation in FY26.

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

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.

No contacts available at the time of disclosure

 

ACCESS TO INFORMATION

To submit an information request for project information, you will have to create an account to access the Access to Information request form. You can learn more about this process at: https://www.worldbank.org/en/access-to-information/request-submission

ACCOUNTABILITY MECHANISM OF THE WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. Information on how to file a complaint and a complaint request form are available at: https://www.inspectionpanel.org/how-to-file-complaint

How it works

How it works