Microinsurance for Low-Income People in Belize

This Project seeks to rectify socio-economic problems affecting low-income populations that result from a limited access to affordable insurance coverage. The main objective of this project is to fill the insurance gap in Belize which remains severly underinsured. The project will address this need by introducing and expanding the provision of microinsurance products to the market where this sort of tailor-made insurance product targeted at low-income segments does not presently exist.

Project Detail

Country

Belize

Project Number

BL-M1008

Approval Date

September 13, 2013

Project Status

Closed

Project Type

Technical Cooperation

Sector

FINANCIAL MARKETS

Subsector

FINANCIAL INCLUSION

Lending Instrument

Multilateral Investment Fund Instrument

Lending Instrument Code

MIF

Modality

Facility Type

Environmental and Social Impact Category (ESIC)

Category C: Likely to cause minimal or no negative environmental and associated social impacts

Total Cost

USD 1,015,150.00

Country Counterpart Financing

USD 285,150.00

Original Amount Approved

USD 730,000.00

Financial Information

Operation Number	Lending Type	Reporting Currency	Reporting Date	Signed Date	Fund	Financial Instrument
ATN/ME-14013-BL	Non-Sovereign Guaranteed	USD - United States Dollar	Apr. 30, 2025	Sep. 30, 2013	Multilateral Investment Fund II (MIF) -

Operation Number

ATN/ME-14013-BL

Lending Type: Non-Sovereign Guaranteed
Reporting Currency: USD - United States Dollar
Reporting Date: Apr. 30, 2025
Signed Date: Sep. 30, 2013
Fund: Multilateral Investment Fund II (MIF) -
Financial Instrument:

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Implementation Phase

https://www.iadb.org/document.cfm?id=EZSHARE-798004664-32680