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CDB Remains Committed to Belize
Fri, February 24, 2017
And, tonight, in our final report from last week's CDB Press Conference in Barbados, we have bank president Dr. Warren Smith discussing the Bank's Special Development Fund, the Bank's largest pool of concessionary funds. That has an interest rate of only 1% and it is earmarked for landing to agencies such as Belize's Social Investment Fund. Smith told us that a significant portion of those funds will be earmarked for Belize:..

Warren Smith, President CDB
"Belize is going to get a big chuck of that money which as I understand it, works through Belize SIF (Social Investment Fund). So I mentioned to you in my earlier remarks that our experience has been that Belize has used those resources very effectively in the past and it is one of the countries where we like to take people and show them what can be accomplished."

Jules Vasquez, 7News
"You all ever feel like sometimes it's trying to bail out a boat that's taking on water, not to be defeatist but Belize continues to have one of the highest murder rates in the world. So with all the work the CDB has done, we still see these corrosive social patterns. Is there ever any loss in resolve is saying that maybe we are approaching this the wrong way?"

Warren Smith, President CDB
"That's a very thought provoking question Jules. I would say to you that I think what it illustrates, what you describe just points to the fact that development is a complex process. We have the benefit of having seen some of these things happening in other countries, so you can draw lessens from those countries to apply in countries that might now be going through some of those challenges."

"But the bottom line is that we are not going to resile from our role which is to continue to work with your country and the other members of CDB to overcome all of the challenges that you need to address in order to be able to reach the destination of a country that provides a decent standard of living, that is inclusive in its approach to its development and addresses ad abject poverty."

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