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People, Planet, Prosperity Belize Pilot Project: Monitoring Progress Toward a Prosperous, Sustainable Future

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This project will help establish a centralized system to monitor and measure progress towards Belize’s climate, social well-being, and ecosystem goals, in order to enhance international investment and financing for sustainable development in Belize. Key collaborators: Inter-American Development Bank (IDB); Belize Office of the Prime Minister; Belize Ministry of Finance, Economic Development and Investment; Belize Coastal Zone Management Authority & Institute (CZMAI). It is funded by the Global Environment Facility (GEF). This is a pilot project within the People, Planet, Prosperity project.

The Challenge

NatCap’s Jade Delevaux talking with Belizean government leaders during an event at Stanford in April 2023.
Belizean leads on this project, Beverly Wade and Leroy Martinez, speaking with Jade Delevaux of the Natural Capital Project at a forum in April 2023. Credit: Casey Valentine.

Belize has been implementing natural capital approaches for many years (see this overview of NatCap’s work there). Yet achieving long-term sustainable development requires finding new sources of funding. Belize has been a leader not only in the use of natural capital approaches, but also in leveraging them through innovative finance mechanisms such as its Blue Bond. However, such mechanisms require science-based evidence of progress in achieving conservation or climate targets and benefits to people.

The Solution

To drive international investment and financing of sustainable development in Belize, this project will develop key performance indicators (KPIs) to use in results-based blue and green finance mechanisms, setting the goalposts for tracking the country’s progress toward achieving the targets on which these finance mechanisms are based. The project team will also develop a monitoring, reporting, and verification (MRV) process for these indicators, and develop capacity to implement these measures. 

See below for a fact sheet about this project, and read more about NatCap's work over the years in Belize: 

Top banner photo credit: Antonio Busiello, WWF-US

Project Category: Sustainable Development, Resilient Coastal Communities 
Project Status: Current

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