Belize: 2010 Article IV Consultation-Staff Report; Informational Annex; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Belize

January 14, 2011

Preview Citation

Format: Chicago

Belize: 2010 Article IV Consultation-Staff Report; Informational Annex; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Belize, (USA: International Monetary Fund, 2011) accessed November 22, 2024

Summary

The economy of Belize in recent years has been vulnerable to adverse shocks owing to its weak external position, policy rigidities, and reduced access to external financing. Executive Directors commended the authorities for their prudent macroeconomic management during the crisis. Directors emphasized the need for fiscal consolidation strategy, and stressed the need to strengthen the banking system. They supported plans to improve public financial management and tax administration. They welcomed monetary policy framework, liquidity management, and development plan policies, and offered expert assistance as well.

Subject: Banking, Central banks, Commercial banks, External debt, Financial institutions, International reserves, Public debt, Revenue administration

Keywords: Authority, Belize economy, Caribbean, Commercial banks, CR, Global, International reserves, ISCR, Loan facility, Overdue loan, Staff appraisal, Staff state

Publication Details

Pages:

59
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2011/018
Stock No:

1BLZEA2011001
ISBN:

9781455213771
ISSN:

1934-7685

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