Belize: 2008 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion by the Executive Director for Belize

March 6, 2008

Preview Citation

Format: Chicago

Belize: 2008 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion by the Executive Director for Belize, (USA: International Monetary Fund, 2008) accessed November 21, 2024

Summary

Belize’s near-term macroeconomic prospects have improved over the past year. The main risks to growth and financial stability arise from fiscal challenges and deterioration in the global outlook. Despite data limitations that constrain the analysis, the Belize dollar appears broadly in line with fundamentals, and the external accounts are not a threat to external stability. Progress in consolidating the public sector’s financial position needs to continue. A front-loaded fiscal adjustment is necessary to lower Belize’s debt ratios and regain market access.

Subject: Commodities, External debt, Fiscal policy, Oil, Oil, gas and mining taxes, Public debt, Taxes

Keywords: Belize, Caribbean, CR, Debt restructuring agreement, Gas and mining taxes, GDP, GDP ratio, Global, Holding, ISCR, Management fund, Membership status, Oil, Revenue department

Publication Details

Pages:

56
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2008/088
Stock No:

1BLZEA2008001
ISBN:

9781451805550
ISSN:

1934-7685

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