Washington DC- The Inter-American Development Bank (IDB) has approved a technical cooperation grant of 220.000 US Dollars that will employ digital technology to pilot on approach for re-engineering and digitizing the delivery of services, which are critical to improving the business climate in Belize. The Bank-executed project will be funded through the Compete Caribbean Partnership Facility and will be executed in partnership with Belize’s Economic Economic Development Council (EDC).
The project will finance a mobile-friendly, feasible technological solution to streamline business processes with current best-practices and improve data-sharing among government agencies. Improved intra-agency communication, according to IDB, will not only result in reduced transaction times, but will also support open data initiatives.
“We are happy to support the Government of Belize’s efforts to improve the business climate and facilitate a digital economy through this project, which advances the implementation of technological infrastructure and solutions”, said IDB Country Representative, Dr. Casandra Rogers.
The project was first presented by EDC in response to Compete Caribbean’s call for proposals on business climate and innovation reform projects across the Caribbean region. The project will build on past efforts by EDC and the Government of Belize’s to address reforms for improving business and investment climate in the country.
The efforts are geared among others to eliminating the need for lengthy travel in the country to submit papers to the various government agencies.