On 5 November 2021, Belize and TNC announced an innovative US$364 million financial transaction with the Government of Belize that will enable the country to reduce its debt burden and generate an estimated US$180M for marine conservation, in support of Belize’s commitment to protect 30% of its ocean, strengthen governance frameworks for domestic and high sea fisheries, and establish a regulatory framework for coastal blue carbon projects. This is especially meaningful to the people of Belize as the country’s tourist-based economy continues to suffer from the impacts of COVID-19.
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BARRIER REEF OF BELIZE Belize’s Barrier Reef is the second longest worldwide and one-third of the 900-kilometer Mesoamerican Reef. © Carla Santana Torres/TNC Photo Contest 2019