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Board of Directors

The Belize Social Investment Fund is governed by a Board of Directors, whose responsibility is to:

  1. Approve the procedures and criteria for project and programme selection, and the project and programmes submitted for its consideration in accordance with;
  2. Approve the policies regarding the management of projects, programmes and activities, and financial regulations and its tendering, procurement and disbursement procedures;
  3. Approve the budget;
  4. Approve the rules prescribing the procedures of, including the quorum for, the meetings of the Fund, and the manner in which it will transact its business.

In order to execute its mandate  and policies set by the Board, BSIF has established an operations programme staffed by 24 employees headed by an Executive Director.   BSIF operates from 3 locations: Belmopan City Headquarters (also covering field services in the central region (Belize and Cayo Districts), Punta Gorda Office, covering the southern region (Stann Creek and  Toledo Districts), and Corozal Office, covering the northern region (Corozal and Orange Walk Districts).

Financing of the BSIF operations is secured through negotiations between the Government of Belize, spearheaded by the Ministry of Economic Development, and international agencies such as IBRD/World Bank, Caribbean Development Bank/Basic Needs Trust Fund, UK- DFID, the European Union and other funding sources.

Over the period 1996 – April 2009, BSIF has delivered at a direct investment cost of Bz $62.9 million, a total of 462 community-based projects, providing a benefit to over 300,000 persons.  This implies that BSIF projects have touched, directly or indirectly , the lives of the entire national population.

Financials for year ended 31 March 2013 and 2012

 

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