BELTRAIDE sails toward financial innovation with FINTECH 2024

By Zoila Palma Gonzalez: In a collaborative effort between the Belize Trade and Investment Development Service (BELTRAIDE) and the Central Executing Unit (CEU) of the Ministry of Economic Development, Belize is embarking on a groundbreaking journey into the realm of financial innovation.

Marking a pivotal moment in Belize’s economic landscape, FINTECH 2024 emerges as the guiding light steering Belize towards a digitally empowered financial future.

This significant event is part of the comprehensive “Digital Innovation to Boost Economic Development in Belize Project,” designed to foster understanding, adoption, and effective utilization of digital solutions across various sectors of the economy.

With a primary focus on Micro, Small, and Medium Enterprises (MSMEs), the forum aims to empower this crucial segment of Belize’s economy through technological advancements and digital innovation.

The FINTECH Forum served as a platform to raise awareness of financial technologies within Belize, showcasing the government’s digitization efforts. 

Attended by a diverse audience including financial institutions, MSMEs, academia, and government officials, the forum played a pivotal role in driving the conversation around digital innovation and its contribution to Belize’s macroeconomic development.

Key agenda items included:

    Government initiatives to propel digitization and digitalization in Belize.

    Challenges and opportunities faced by MSMEs regarding FINTECHs.

    Inclusion and benefits for existing users within the private sector and the commercial banking sector.

    Expert insights from the InterAmerican Development Bank.

Following the forum, attendees engaged in a networking reception with key stakeholders in Belize’s digital ecosystem, further fostering collaboration and partnership in the pursuit of financial innovation.

The FINTECH 2024 event not only signifies Belize’s commitment to embracing technological advancements but also underscores our country’s readiness to navigate the complexities of the digital age, ensuring inclusive economic growth and prosperity for all.

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