LOS ANGELES, Dec. 21, 2010 /PRNewswire/ -- Sanctuary Belize is excited to see that the Government of Belize has received a $30 million loan from the World Bank. This loan will be used for municipal developments throughout the country. The money will be used to pay for several capacity building initiatives to be implemented within selected municipalities.
This incredible event saw the Prime Minister and Minister of Finance, Hon. Dean Barrow, sign on Belize's behalf, and Mrs. Yvonne Tsikata, Country Director for the Caribbean at the World Bank, signed on behalf of the World Bank.
The visionary and first time project for Belize is designed and will be executed in two phases. The first phase is focused on capacity building in the communities. It will thoroughly incorporate strategies that center on providing technical assistance and training in areas such as: "revenue generation, finance, human resource and traffic management."
Alongside the capacity building phase, the project also looks at infrastructural developments. The funds will be used to "carry out small-scale infrastructure projects" - namely streets and drains that were identified as priority areas during town hall consultations held in each municipality.
A Sanctuary Belize spokesperson said, "We are very excited to see our growing country receive this infusion into Belize Real Estate. With the expansion of the Town Market in Dangriga, and the expansion of Toledo's Town Council, it shows Belize is a young and vibrant country on the rise. This is a wonderful step forward for Belize, its development, and its quality of life. The future is bright in Belize."
For more information: www.sanctuarybelize.com
About Sanctuary Belize
Come explore your new backyard at Sanctuary Belize, on one side: the 11,000-acre Sittee River Wildlife Reserve. On the other, the Cockscomb Basin Wildlife Sanctuary - the world's only jaguar preserve. Together, these reserves comprise more than 111,000 acres of land protected for rare flora and fauna, and protected forever from development.
Created in a partnership with the Sittee River Wildlife Reserve, in Sanctuary Belize, we wanted to make the dream of property ownership in Belize Real Estate an affordable reality. We are also committed to developing our community responsibly and respectfully, with as minimal impact to the natural surroundings and wildlife as possible. We invite you to share our vision to preserve paradise.
SOURCE Sanctuary Belize