Belize Bank Limited signed a Master Guarantee Agreement with the CARICOM Development Fund to expand financing options for small and medium enterprises (SMEs). This initiative, known as the Credit Risk Abatement Facility (CRAF), marks a significant step in our commitment to supporting SMEs by expanding access to financing, particularly for renewable energy and energy efficiency projects in Belize.
Executive Chairman, Filippo Alario, stated that by reducing credit risk, CRAF empowers us to enhance our lending capacity, fostering sustainable growth in key sectors like agriculture, tourism, and renewable energy. As Belize’s largest and oldest financial institution, we’re excited to contribute to regional development and drive positive economic and social impact through this collaboration.