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BL-M1008 : Microinsurance for Low-Income People in Belize

Project Status: Closed

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

Project Number
BL-M1008
Project Country
Belize
Project Sector
FINANCIAL MARKETS
Project Subsector
FINANCIAL INCLUSION
Project Type
Technical Cooperation
Project Lending Type
NSG
Project Modality
Project Facility Type
Environmental and social impact category
C
Project Status
Closed
Operation Number
ATN/ME-14013-BL

Financial Information

Project Number
BL-M1008
Project Status
Closed

IDB Financing

Financing type
TCN
Fund
Multilateral Investment Fund II (MIF) -
Reporting currency
USD - United States Dollar
Reporting date
Jun/30/2023

Roles & Responsibilities

Contract signature date
Sep/30/2013

Project Information

Total Cost
USD 1,015,150
Country counterpart financing
USD 285,150
Amount
USD 730,000

Preparation

Title
Type
Project Number
Date Published
Evaluation
BL-M1008
March 01, 2013

Approved

Title
Type
Project Number
Date Published
Technical Cooperation Agreement
ATN/ME-14013-BL;BL-M1008
September 13, 2013
Technical Cooperation Agreement
ATN/ME-14013-BL;BL-M1008
September 13, 2013
Donors Memorandum
BL-M1008
August 29, 2013

Implementation

Title
Type
Project Number
Date Published
Project Performance Monitoring Reports
ATN/ME-14013-BL;BL-M1008
September 30, 2016
Project Performance Monitoring Reports
ATN/ME-14013-BL;BL-M1008
April 13, 2016
Project Performance Monitoring Reports
ATN/ME-14013-BL;BL-M1008
September 22, 2015
Project Performance Monitoring Reports
ATN/ME-14013-BL;BL-M1008
March 18, 2015
Project Performance Monitoring Reports
ATN/ME-14013-BL;BL-M1008
September 16, 2014
Procurement Plan
BL-M1008
March 01, 2013