CDB and DFC Launch New Lines of Credit

The Development Finance Corporation and the Caribbean Development Bank have joined forces to formally introduce the student loan line of credit and the agriculture and industrial line of credit.  This morning at the Best Western Belize Biltmore Plaza, Chief Executive Officer Henry Anderson spoke about the new initiative, as well as a twenty-five million dollar loan facility going into 2024.

Henry Anderson

Henry Anderson, C.E.O., Development Finance Corporation

“Today marks the formal launch of two new areas of collaboration.  In the case of the student loan credit facility, implementation started last year and the funds for the regular student loans have already been exhausted.  So we will take the opportunity over the next two working days to discuss the new facility.  With the agriculture and industrial credit facility, we have a pipeline going into 2024 that represents seventy-two percent of this new twenty-five million dollar facility.  So business is good.  During the sessions today and tomorrow we will share the details of the changes and innovation taking place at the Development Finance Corporation.  Over the course of the implementation of these two products, we extend an invitation to CDB to benchmark and collaborate in the process if transformation taking place.  As part of DFC’s new strategic development plan for the period 2024 to 2026, the board has approved a new corporate philosophy for DFC.  The new mission is to provide innovative development financial solutions which contribute to the resilient and equitable growth of Belize.  The new vision speaks to becoming a leading development finance institution built around a robust and modern digital infrastructure that leverages strategic alliances, empowers our team members and exceeds our clients’ expectations.”