The Central American bank Belize Bank Limited (BBL), the largest commercial bank in Belize, will be included in the IDB Invest’s Trade Finance Facilitation Program (TFFP), through the opening of a 10 million dollars credit line with a term of 180 days.

The objective of the financing scheme is to help BBL strengthen its foreign trade products for its small and medium-sized enterprise (SME) clients, promoting their competitiveness in order to expand their international trade businesses, and therefore contribute to Belize economy growth. In addition, it will allow BBL to meet the growing financial needs of the private sector and support key business linkages in the rising demand for goods and services. The program will also expand financial support to existing industries, and new and emerging companies in sustaining productivity and job creation. This agreement is expected to contribute to two United Nations Sustainable Development Goals (SDGs): Decent Work and Economic Growth (SDG 8) and Reduced Inequalities (SDG 10).