Cabinet approves US $8 million loan from Inter-American Development Bank (IDB) for efficiency of wage bill
By Zoila Palma: During Cabinet’s meeting on July 28th and August 4th, 2026, the Government of Belize approved entering into a loan agreement with the Inter-American Development Bank (IDB) for US$8 million. According to the cabinet release, the loan will be used to “improve the efficiency of the Central Government’s wage bill and to increase […] The post Cabinet approves US $8 million loan from Inter-American Development Bank (IDB) for efficiency of wage bill appeared first on Belize News and Opinion on www.breakingbelizenews.com.
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By Zoila Palma: During Cabinet’s meeting on July 28th and August 4th, 2026, the Government of Belize approved entering into a loan agreement with the Inter-American Development Bank (IDB) for US$8 million.
According to the cabinet release, the loan will be used to “improve the efficiency of the Central Government’s wage bill and to increase the efficacy of strategic public employment”.
The funding is expected to help improve the allocation of public resources, promote more efficient staffing across government ministries and departments, and support efforts to modernize public sector management.
The project carries a total value of US$9 million, or roughly BZ$18 million, made up of the US$8 million in IDB financing and US$1 million in local counterpart funding, and is to be implemented over a five-year disbursement period.
The post Cabinet approves US $8 million loan from Inter-American Development Bank (IDB) for efficiency of wage bill appeared first on Belize News and Opinion on www.breakingbelizenews.com.
