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dc.titleMonitoring Progress Toward a Prosperous, Sustainable Future: Belize Final Report
dc.contributor.authorDelevaux, Jade
dc.contributor.authorRuckelshaus, Mary
dc.contributor.authorWade, Beverly
dc.contributor.authorDario, Carlie
dc.contributor.authorBatista, Natasha
dc.contributor.authorBlanc, Pauline Lola
dc.contributor.authorBood, Nadia
dc.contributor.authorMartinez, Leroy
dc.contributor.authorSamayoa, Omar
dc.contributor.editorCallau, Vanessa
dc.contributor.editorGuerry, Anne
dc.contributor.editorKimbrell, Elana
dc.contributor.editorLlaguno, Duval
dc.contributor.editorWatson, Gregory
dc.contributor.editorWilson, Zoe
dc.contributor.orgunitBiodiversity and Natural Capital Unit
dc.coverageBelize
dc.date.available2025-10-17T00:10:00
dc.date.issue2025-10-17T00:10:00
dc.description.abstractThis document outlines the activities and results of the Belize pilot project under the Regional Technical Cooperation (TC), “Transforming Policy and Investment Through Mainstreaming Rapid Approaches for Natural Capital Assessment and Accounting.” This TC was funded by the Global Environmental Facility (GEF), implemented by the Inter-American Development Bank (IDB), and executed by Stanford University. The main beneficiaries and co-designers of this TC are Belize's Ministry of Blue Economy and Marine Conservation, the Belize Blue Bond Finance Permanence Unit, and the Ministry of Economic Transformation, and the technical work was led by the Natural Capital Project team (Stanford University). This project also received support from the Gordon and Betty Moore and a National Science Foundation grant. Belize has long been a leader in integrating natural capital approaches quantifying natures benefits to people into policy and finance to support its coastal and ocean-based, or “blue” economy. However, like most countries, Belize currently lacks the comprehensive tools and institutional systems needed to measure and report on progress towards the social and environmental goals outlined in these results based finance instruments. Without a clearly defined KPI framework and a science-based Measurement, Reporting and Verification (MRV) system, it is challenging to track progress, demonstrate results, and attract additional investment (see Glossary for terms). Addressing this gap is critical for Belize to fulfill its commitments under the Blue Bond and Project Finance for Permanence (PFP). This pilot brought together a transdisciplinary team, including local government agencies (the Blue Bond Finance Permanent Unit and the Ministry of Economic Transformation), WWF-Belize, the Inter-American Development Bank (IDB), and Stanford's Natural Capital Project (NatCap). Together, the worked to equip Belizean leaders with: i) a KPI framework linking nature finance to socioeconomic outcomes, ii) a monitoring tool (the Blue Economy Jobs survey) to track people-positive KPIs associated with Belize's blue economy, and iii) a plan for creating a central platform (a “dashboard”) for monitoring and haring progress on KPIs from across Belize's blue economy sectors, in order to inform national policy and finance decision-making.
dc.format.extent36
dc.identifier.doihttp://dx.doi.org/10.18235/0013713
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Monitoring-Progress-Toward-a-Prosperous-Sustainable-Future-Belize-Final-Report.pdf
dc.identifier.urlhttps://publications.iadb.org/publications/spanish/document/Monitoreo-del-progreso-hacia-un-futuro-prospero-y-sostenible-Informe-final-de-Belice.pdf
dc.language.isoen
dc.publisherInter-American Development Bank
dc.subjectFinance
dc.subjectNatural Capital
dc.subjectEducational Institution
dc.subjectFinancial Bond
dc.subjectGovernance
dc.subjectInvestment
dc.subjectBlue Economy
dc.subjectFishery
dc.subjectResults-Based Financing
dc.subjectTourism
dc.subjectBiodiversity
dc.subject.jelcodeQ57 - Ecological Economics: Ecosystem Services • Biodiversity Conservation • Bioeconomics • Industrial Ecology
dc.subject.jelcodeQ20 - Renewable Resources and Conservation: General
dc.typeTechnical Notes
idb.identifier.pubnumberIDB-TN-03193
idb.operationRG-T4141
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