Implementing a blue economy MRV system in Belize

The objective of this TC is to design and implement a robust, nationally owned MRV system to track the performance, outcomes, and impact of Belize's blue economy. The system will support evidence-based decision-making, enhance transparency and accountability, and enable alignment with national priorities, international commitments, and innovative financing mechanisms. Specifically, it will track progress toward the targets and milestones of the Belize Sustainable Ocean Plan (BSOP), the Integrated Coastal Zone Management (ICZM) Plan, and the Project Finance for Permanence (PFP) initiative, as well as enable access to outcome-based finance. Specific goals are to: (i) strengthen institutional capacity to generate and manage blue economy data; (ii) operationalize the KPIs developed with NatCap into a functional MRV system; (iii) develop a project inventory tool to track and assess blue economy investments; and (iv) support alignment with international MRV standards, including for climate and biodiversity finance.

Project Detail

Country

Belize

Project Number

BL-T1194

Approval Date

June 27, 2025

Project Status

Implementation

Project Type

Technical Cooperation

Sector

ENVIRONMENT AND NATURAL DISASTERS

Subsector

ENVIRONMENTAL MANAGEMENT AND GOVERNANCE

Lending Instrument

Lending Instrument Code

Modality

Facility Type

Environmental and Social Impact Category (ESIC)

Total Cost

USD 350,000.00

Country Counterpart Financing

Original Amount Approved

USD 350,000.00

Financial Information

Operation Number	Lending Type	Reporting Currency	Reporting Date	Signed Date	Fund	Financial Instrument
ATN/OC-21686-BL	Sovereign Guaranteed	USD - United States Dollar	Jul. 4, 2025		Ordinary Capital	Nonreimbursable

Operation Number

ATN/OC-21686-BL

Lending Type: Sovereign Guaranteed
Reporting Currency: USD - United States Dollar
Reporting Date: Jul. 4, 2025
Signed Date:
Fund: Ordinary Capital
Financial Instrument: Nonreimbursable

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