DFC Presents G.O.B. with Share Certificates

The Government of Belize has made an equity investment of thirty-one million Belize dollars into the Development Finance Corporation.  It is made up of a Debt-to-Equity Swap and a Conversion to Equity of two agency accounts namely, the European Union Sugar Cane Replanting Program and the Belize Rural Credit Fund Program. According to the government press office, this investment is the largest single equity investment in DFC’s history, providing capital necessary to increase developmental lending to support Belize’s National Economic Recovery Program.  Included in this equity investment is eight million Belize in cash resources targeting the agriculture sector.  During a small ceremony this morning at the Ministry of Finance, in the Sir Edney Cain Building in Belmopan, DFC presented to the Government of Belize a certificate of over three million shares to the tune of over thirty-one million dollars.  Sixty-five percent of DFC’s investments are in the productive sector, with the largest investments in agriculture and micro, small and medium enterprises.