Belize: Staff Report for the 2002 Article IV Consultation
IMF Staff Country Reports, November 21, 2002
Source details
- Canonical URL
- Belize: Staff Report for the 2002 Article IV Consultation
Other formats
Bibliographic details
- Published: November 21, 2002
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451805451.002
Economic performance and shocks
- Economic growth accelerated to 11 percent in 2000.
- Growth declined to 5 percent in 2001.
- Decline attributed to:
- several hurricanes,
- terrorist attacks in the United States,
- a shrimp-virus epidemic.
Fiscal developments
- Central government deficit widened from 10 percent of GDP to 12 percent in FY2001/02 (fiscal year end-March).
Financing, confidence, and public sector institutions
- Confidence was affected by financing difficulties at the Development Finance Corporation (DFC).
- The central government deficits were financed mainly through privatization receipts and external borrowing, mostly on commercial terms.
Subjects and keywords highlighted in the report
- Commercial banks
- Economic sectors
- External debt
- Financial institutions
- Foreign exchange
- Public debt
- Public sector
- authority
- bond placement
- bond proceeds
- Central America
- Commercial banks
- CR
- deficit
- ISCR
- net
- Public sector
- reserve
- staff appraisal
- target of-BZ
- tourism sector
Belize: Staff Report for the 2002 Article IV Consultation
Content in this bundle
- IMF Concludes 2002 Article IV Consultation with Belize