A US Senator tried to stop the 125 million US dollar grant from the The Millennium Challenge Corporation to the Government of Belize, but it didn't work.
And last week GOB successfully completed formal negotiations on the grant agreement.
It's a five-year grant program that will target economic growth in Belize's education and energy sectors. CEO Osmond Martinez who is the focal point in Belize told us more about what they plan to do with these funds.
Dr Osmond Martinez, CEO Economic Development and Investment
"The MCC I am happy to announce that it was a success. It was a three day intense negotiation where the negotiations were led by Minister Coye and myself with support of the attorney general and his team, the CEO of education and the CEO of energy and their teams who supported us with those negotiations. And I am happy to say that the negotiations were successful so Belize will definitely be eligible and receive 125 million US as a grant or 250 Million as a grant which I think is the biggest, historically the largest grant that Belize has ever received."
MCC is an independent U.S. government development agency working to reduce global poverty through economic growth.
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