Expanding SME Access to Finance and Business Development Services in Belize

#SDGAction42352

Description

Strengthening of the ecosystem for SME finance through: (1) Design of the SBDC Belize Expansion Plan; (2) Implementation of SBDC Belize Expansion Plan; and (3) knowledge management and strategic communication (training to financial intermediaries for improving operational capacities in originating and managing SME loan portfolio, as well as to small businesses in their competitiveness, viability and financial sustainability.)

Expected Impact

Consultants where hired for the implementation of different components. A project coordinator was hired to coordinate all activities.

Capacity

One of the project component included capacity building to the Financial Institutions and MSMEs. At the moment, Beltraide is carrying out the 2nd round of training for MSMEs in different locations in Belize. In May 2018, 268 persons were trained.<br />

Governed

The initiative is being coordinate by BELTRAIDE. Non-objections are provided by the bank (MIF/IDB)

Partners

Inter-American Development Bank; BELTRAIDE; Government of Belize

SDGS & Targets

Goal 9

Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation

9.1

Develop quality, reliable, sustainable and resilient infrastructure, including regional and transborder infrastructure, to support economic development and human well-being, with a focus on affordable and equitable access for all

9.1.1

Proportion of the rural population who live within 2 km of an all-season road

9.1.2

Passenger and freight volumes, by mode of transport

9.2

Promote inclusive and sustainable industrialization and, by 2030, significantly raise industry’s share of employment and gross domestic product, in line with national circumstances, and double its share in least developed countries

9.2.1

Manufacturing value added as a proportion of GDP and per capita

9.2.2

Manufacturing employment as a proportion of total employment

9.3

Increase the access of small-scale industrial and other enterprises, in particular in developing countries, to financial services, including affordable credit, and their integration into value chains and markets

9.3.1

Proportion of small-scale industries in total industry value added

9.3.2

Proportion of small-scale industries with a loan or line of credit

9.4

By 2030, upgrade infrastructure and retrofit industries to make them sustainable, with increased resource-use efficiency and greater adoption of clean and environmentally sound technologies and industrial processes, with all countries taking action in accordance with their respective capabilities

9.4.1

CO₂emission per unit of value added

9.5

Enhance scientific research, upgrade the technological capabilities of industrial sectors in all countries, in particular developing countries, including, by 2030, encouraging innovation and substantially increasing the number of research and development workers per 1 million people and public and private research and development spending

9.5.1

Research and development expenditure as a proportion of GDP

9.5.2

Researchers (in full-time equivalent) per million inhabitants

9.a

Facilitate sustainable and resilient infrastructure development in developing countries through enhanced financial, technological and technical support to African countries, least developed countries, landlocked developing countries and small island developing States

9.a.1

Total official international support (official development assistance plus other official flows) to infrastructure

9.b

Support domestic technology development, research and innovation in developing countries, including by ensuring a conducive policy environment for, inter alia, industrial diversification and value addition to commodities

9.b.1

Proportion of medium and high-tech industry value added in total value added

9.c

Significantly increase access to information and communications technology and strive to provide universal and affordable access to the Internet in least developed countries by 2020

9.c.1

Proportion of population covered by a mobile network, by technology

SDG 14 targets covered

Name	Description

Deliverables & Timeline

01 January, 1970

BELTRAIDE App4Biz

01 January, 1970

Expansion Plan for SBDCBelize

Resources mobilized

Financing (in USD)

220000

Partnership Progress

No progress reports have been submitted. Please sign in and click here to submit one.

False

Feedback

This initiative does not yet fulfil the SMART criteria.

Timeline

01 September 2016 (start date)

01 August 2018 (date of completion)

Entity

Belize Ministry of Foreign Affairs

SDGs

Website/More information

N/A

Countries

N/A

Contact Information

Melissa Rodriguez, Foreign Service Officer

Melissa.Rodriguez@mfa.gov.bz