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- Operations
- Southside Poverty Alleviation Project (Phase II)
Southside Poverty Alleviation Project (Phase II)
Belize
Borrower | Belize |
Financing Type | Public Sector |
Instrument | Project Loan |
Focus Area | Multisectoral |
Approved | 18.06.2010 |
Signed | 10.12.2010 |
Status | Completed |
Loan Administrator | OPEC Fund |
Executing Agency | Ministry of Works Belize |
Co-financiers | Government |
OPEC Fund Contribution (US$m) | 11.00 |
Total Project Cost (US$m) | 18.00 |
Expanding on the successes carried out under Phase I, Phase II aims at improving living conditions of five low-income communities,populated by around 53,300 people, located in the south side of Belize city. Works will include the following:
- improvement and rehabilitation of urban infrastructure, such as drainage works and roads;
- elevation of public areas to protect against flooding;
- repair or replacement of housing units;
- establishment of a labor market integration program for young entrepreneurs; and
- provision of adult literacy programs and skills/vocational training.