As a first step in the development of a compact with the Government of Belize, MCC conducted a constraints analysis in early 2022 that identified five binding constraints to economic growth. Of these, the Government of Belize has decided to pursuit interventions that will address 1) the low quality of education that has led to a shortage of trained professionals in all industries, and 2) the high cost of electricity, which has increased input costs for all industries.
Belize’s Compact Development Team is now conducting an analysis to explore the root causes of these constraints. Assistance to Develop the Belize’s Compact Proposal will be used to fund feasibility studies, social and environmental assessments, baseline surveys, economic impact assessments, and design activities, as well as the establishment of the structures necessary for compact implementation.
