The Government of Belize (GOB) is fully committed to establishing Belize's position as an important economic player in the region. In this regard, the country has embarked on several reforms intended to facilitate private domestic and foreign investment in several different domains with the overarching vision to," position Belize as a competitive, robust and favourite investment hub in the Central America and Caribbean Region by 2030".
To align various complementary strategies including the National Investment Policy and Strategy (NIPS), the MSME Strategy and Roadmap, and the Export Competitiveness Roadmap (ECR), the Government of Belize has merged the implementation efforts of these strategies and all respective activities under a single Action Plan - the Belize Investment and Business Climate Action Plan (BIBCAP).
This merged approach enables efforts to be better coordinated and directed for increased efficiency and the maximizing of resources. The areas of focus are based on specific key policy pillars that aim at improving the business and investment climate in Belize and significantly impact the facilitation of domestic and foreign investment, MSME growth and development, enhanced innovation, and improved and sustained competitiveness.
The Belize Investment and Business Climate Action Plan is a comprehensive and cohesive guide that outlines nine (9) key Policy Pillars and includes a detailed plan listing specific tasks to be completed under each pillar with which to guide the implementation.