Posted: Tuesday March 23, 2021. 6:39 PM CST.
By Aaron Humes: Belize joined its Central American partners in presenting four key demands of the Inter-American Development Bank (IDB) at its virtual annual general meeting, held March 19-21 in Barranquilla, Colombia.
These are: implementing financial instruments that provide liquidity to restore fiscal space; provide resources for the reconstruction and development of countries affected by natural disasters; study the possibility of paying for the patent and manufacture of vaccines in Central America; develop an IDB concessional resource strategy for the provision of financial and technical support for the resilient recovery of productive systems in Central American countries.
Prime Minister John Briceño represented Belize as one of the Bank’s Governors alongside Minister of State and Acting Governor Christopher Coye; CEO Narda Garcia and Elvira Mendez, Advisor in the Office of the Executive Director of the IDB in Belize.
A government statement reports: “The expected outcome of these meetings is to advocate for an increase in the Bank’s resources to meet increased demand and to adopt a resolution ordering the Management and the Board of the IDB to conduct a rigorous analysis of the Bank’s capacity to support countries in the medium and long term. He adds that Belize has been joined by representatives from all Central American countries except Panama to form a unified position to be taken forward in the formal sessions of the annual Board of Governors meeting.
In his presentation during the session of the IDB Group Strategic Vision 2021-2025, the Prime Minister mentioned the imperative for the IDB Group to help our countries to implement a transformation agenda while respecting fully the fundamental principles of access, equality, gender equity, integration and, above all, inclusion. In his statement, he also stressed that the Strategic Vision 2021-2025 must include a comprehensive strategy on concessional resources to help countries develop a comprehensive strategy for reducing climate change and natural disasters to foster resilience.
As the region’s main strategic partner, Prime Minister Briceno underlined the principle of shared but differentiated responsibility between borrowing and non-borrowing countries, a principle that requires the pursuit of inclusion and special consideration of the poorest countries. and the most vulnerable like Belize.
Discover elize’s most visited news site ~ We offer fully customizable and flexible digital marketing packages. Your content is delivered instantly to thousands of users at large and abroad! Contact us at [email protected] or call us at 501-601-0315.
© 2021, BreakingBelizeNews.com. This article is the copyright of Breaking Belize News. Written permission must be obtained before reprinting in online or print media. REPRINTING CONTENT WITHOUT AUTHORIZATION AND / OR PAYMENT IS THEFT AND PUNISHED BY LAW.