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Aug 7, 2020

Executing Unit for CABEI Loan Formed, Finally

George Lovell

Five years ago, in August 2015, the Government of Belize and the Central American Bank for Economic Integration (CABEI) signed a loan agreement for the Belize Integral Security Programme.  The overall objective of the programme is to contribute to improving the quality of life of Belizeans and to support regional efforts that seek to combat crime. It also seeks to strengthen citizen security by providing support to those institutions directly engaged in maintaining national security.  The B.I.S.P. is funded by a U.S. thirty-million-dollar loan, which will be used for the improvement of infrastructure and the provision of equipment for the Belize Defence Force, Belize Police Department, Belize Coast Guard, and the National Forensic Sciences Service.  While the loan was signed since 2015, monies have not been disbursed and that’s because an execution unit had not been created. According to C.E.O. George Lovell, the unit is finally in place. 

 

(Ret’d) Col. George Lovell, C.E.O., Ministry of National Security

“The CABEI loan is one that the Prime Minister had signed over five years ago with the Economic Central American Development Bank. It is a thirty million dollars loan arrangement which was to provide equipment for the Belize Defence Force, the Belize Coast Guard, the Police Department and the National Forensic Science Service. There is a whole school of things. We have over the years been struggling to try and put together the programme executing unit. The executing unit is now up and running. The Coordinator is Mister Elvis Requeña and he has a team that is working on the administration of that facility and very soon I am told we will start to see real tangible evidence of the work that this unit will be doing.”


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