Millennium Challenge Corporation Awards $125M to Belize for Education and Energy Initiatives

The Millennium Challenge Corporation (MCC) has approved a US$125 million grant aimed at tackling key challenges in the education and energy sectors over the next five years in Belize.

The MCC – Belize Compact grant agreement was finalised following negotiations between the government and MCC officials in Washington, D.C. On Wednesday, the government issued a press release, stating that under the compact, Belize will focus on two main projects: education and energy.

The Education Project aims to transform teaching methods, expand access to secondary education, and bolster technical and vocational education and training (TVET) programmes to meet labour market demands.

The Energy Project seeks to lower electricity expenses through new renewable energy agreements, modernise the energy grid, and refine policies to support efficient energy use.

The compact’s implementation will be overseen by the Millennium Challenge Account-Belize Authority (MCA-Belize Authority), ensuring transparency and accountability in project execution. Formal signing of the agreement is expected later this year, with initiatives to commence in 2025.