CDB loan for development.
CDB LOAN FOR DEVELOPMENT. The capability of the Development Finance Corp. (DFC) in Belize to provide financing for priority sectors in that country has been given a boost by a loan of US$10.5 million from the Caribbean Development Bank (CDB), reports Caribbean News Now (July 22, 2014). Among the DFC's objectives are the improvement of home ownership, human development and the development of micro, small, and medium-sized enterprises (MSMEs). MSMEs are estimated to account for a significant share of economic activity and employment generation. However, they are usually faced with a number of challenges including limited access to, and the cost of financing. The CDB loan will allow the DFC to provide finance for these MSMEs as well as student loans, credit for low-income housing and also for energy efficiency/renewable energy projects.