Belize has positioned itself as a leader in marine conservation, particularly regarding the Mesoamerican Reef, through significant initiatives such as a debt-for-nature blue bond that has reduced public debt and allocated funds for conservation. The government aims to protect 30% of its waters by 2026, supported by new monitoring systems and pilot programs for artisanal fishers. However, despite these efforts, the health of the reef remains concerning, with a recent report indicating that most monitored sites are in poor condition. Issues such as overfishing, lack of systematic data collection, and ineffective enforcement of fishing regulations continue to undermine conservation goals. The disconnect between Belize's ambitious conservation policies and the reality of declining fish stocks raises questions about the effectiveness of current management practices. As Belize navigates these challenges, the need for transparent data and effective governance becomes increasingly critical to ensure the sustainability of its marine resources.