World Bank Provides USD$25 Million for Agriculture

The World Bank’s Board of Executive Directors has approved financing of twenty-five million Belize dollars for the Belize Climate Resilient and Sustainable Agriculture Project. According to a release from the World Bank, the project will provide seven thousand farmers with weather data and technical information to help improve yields for crops and livestock and facilitate better planning. It also provides grants to over three thousand, seven hundred farmers so they can adopt climate-smart practices. The matching grant scheme, combined with technical support, is designed to leverage eighteen million U.S. dollars in private financing for climate-smart agricultural technology. Thirty percent of grants will be targeted to women farmers.