BBFP Orientation Brochure June 2022 FINAL

Other Commitments Blue Bond & Finance Permanence Unit Blue Bond & Finance Permanence Unit Office of the Prime Minister 3rd Floor Eleanor Hall Building Lake Independence Boulevard Belize City, Belize Phone: +501-280-8676 E-mails: [email protected] [email protected] Orientation, 2022

Blue Bond & Finance Conservation Milestones & Timelines Permanence Unit (BBPF) Introduction There are two agreements associated with the Blue Government of Belize (GOB) strategically partnered with Bond commitment: The Blue Loan Agreement (BLA) The Nature Conservation (TNC) in 2021 to successfully and The Conservation Fund Agreement (CFA). negotiate the single largest Blue Bond globally. This resulted in Belize realizing a discount of 45% on the In order to ensure Belize’s delivery on these Superbond, essentially allowing for savings of over agreements , the BBPF was established under the US$200M! Office of the Prime Minister. The Belize Blue Bond deal allows not only for savings in The BBFP is headed by the CEO in the Office of the debt services and more fiscal space for investment in the Prime Minister and led by the Director, a dedicated country’s social and development sectors, but also for support team, and implementation support from a the long term financing in marine conservation and a CEO Committee to ensure that the obligations are successful ocean based economy. This is realized through met. monetary inflows into : BBFP Unit is responsible to successfully implement 1. The Belize Fund for a Sustainable Future (BFSF) , the BLA & CFA. In addition, BBFP will facilitate the where approximately 8 million Belize Dollars is necessary interface with GOB institutions and available annually to Government and other on partners in developing finance permanence for the ground organizations for the delivery on the marine conservation and in support of a successful conservation milestones and targets associated ocean-based economy in Belize. with the agreement and, GOB has successfully: 2. An endowment fund, which upon maturation in 2041 would have available approximately 180  Reduced its national debt & debt services million Belize dollars marine conservation and the blue economy sector.  Secured funds for marine conservation  Position Belize as a successful test model with credibility for future investors, proving investment with ambitions is possible Photos courtesy of Victor J. Alamina