Belize introduces new currency and secures civil service modernization loan

Belize is undergoing significant shifts in its national identity and fiscal management. The country has introduced new currency notes featuring polymer material for increased durability and advanced anti-counterfeiting technology. The new designs incorporate local landmarks and wildlife, such as the jaguar and the Great Blue Hole, while reducing the prominence of Queen Elizabeth II’s image.

On the economic front, the Inter-American Development Bank has approved an US$8 million sovereign-guaranteed loan for Belize’s Support to Civil Service Modernization programme. Combined with a US$1 million contribution from the government, the total cost of the programme is approximately US$9 million. The initiative aims to improve the efficiency of the central government’s wage bill and strengthen public employment management.