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The main focus of this report is on climate-resilient irrigation and drainage (I&D) investments, with the aim to improve agricultural production and productivity in Belize. To achieve this task, FAO has developed an innovative methodology based on the preparation of a multi-criteria framework. The objective of this methodology is to identify I&D investments to help policymakers and investors target investment resources. Aligned with Belize's climate resilience commitments, our findings present essential insights that pave the way for stakeholders to develop effective investment strategies to support the agriculture sector. In collaboration with Belize, FAO’s ultimate goal is to promote sustainable and resilient food systems. This publication is part of the Country Investment Highlights series under the FAO Investment Centre’s Knowledge for Investment (K4I) programme.

Belize

International Monetary Fund. Western Hemisphere Dept.

Published: 2016-10-28

Total Pages: 84


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Growth is expected to average less than 2 percent in the medium-term. The envisaged fiscal adjustment would remain insufficient to significantly reduce the very high public debt. Large external imbalances, driven by large current account deficits, repayment of the super bond and remaining payments for the nationalized telecommunication company (BTL), would reduce international reserves to uncomfortable levels. The further withdrawal by global banks of correspondent relationships with Belizean banks and low capital buffers in some banks are key threats to financial stability. Insufficient fiscal adjustment and weaknesses in the banking system are significant risks.
A joint FAO and World Bank study which shows how the farming systems approach can be used to identify priorities for the reduction of hunger and poverty in the main farming systems of the six major developing regions of the world.
Strategic investments in the agriculture sector are a catalyst for sustainable, economic growth and poverty reduction. Through their partnership, the Caribbean Development Bank (CDB) and the Food and Agriculture Organization of the United Nations (FAO) have produced this comprehensive study on the State of Agriculture in the Caribbean, drawing upon decades of research on the many drivers of change affecting the CDB’s Borrowing Member Countries (BMCs), including international trade, institutional policies, and climate change. This report follows forty years of structural change in the agriculture sector of BMCs, and can support the development of an updated Agriculture Sector Strategy, by identifying key trends in agriculture in BMCs, and the related opportunities for investments in support of growth, poverty reduction, and sustainability. The Study concludes that agriculture can be an important source for economic growth and a key contributor to poverty reduction, particularly for households that are profiting less from the growth in other sectors. Through the promotion of inclusive and sustainable agricultural development, CDB can play an instrumental role in supporting BMCs in meeting their SDGs targets particularly in relation to socio-economic and environmental challenges, including poverty (SDG1) food and nutrition insecurity (SDG2), obesity (SDG3), youth unemployment (SDG8), resilient infrastructure (SDG9), gender inequality (SDG5), sustainable use of natural resources, and climate change (SDG13).
"Climate-smart agriculture, forestry and fisheries (CSA), contributes to the achievement of sustainable development goals. It integrates the three dimensions of sustainable development (economic, social and environmental) by jointly addressing food security and climate challenges. It is composed of three main pillars: sustainably increasing agricultural productivity and incomes; adapting and building resilience to climate change; reducing and/or removing greenhouse gases emissions, where possible. The purpose of the sourcebook is to further elaborate the concept of CSA and demonstrate its potential, as well as limitations. It aims to help decision makers at a number of levels (including political administrators and natural resource managers) to understand the different options that are available for planning, policies and investments and the practices that are suitable for making different agricultural sectors, landscapes and food systems more climate-smart. This sourcebook is a reference tool for planners, practitioners and policy makers working in agriculture, forestry and fisheries at national and subnational levels." -- Back cover.