Belize: Selected Issues

March 28, 2016

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Format: Chicago

Belize: Selected Issues, (USA: International Monetary Fund, 2016) accessed November 21, 2024

Summary

This paper discusses three important sectors of Belize economy: financial, sugar market, and energy. Belize’s banking system has continued to strengthen since the 2014 Article IV Consultation in June 2014. Despite recent improvements, some banks’ balance sheets are still weak and exposed to adverse macroeconomic developments. The sugar sector makes a very important contribution to Belize’s economy. The sector is estimated to account for about 4-5 percent of GDP, 9-10 percent of total exports, 8 percent of employment, and 5-6 percent of foreign exchange earnings. But the reform of EU sugar regime, scheduled to take full effect in 2017, will most likely cause a significant drop in the EU sugar price.

Subject: Agricultural commodities, Banking, Commercial banks, Commodities, Credit bureaus, Financial institutions, Financial markets, Loans, Nonperforming loans, Renewable energy

Keywords: Agricultural commodities, Belize, Belize energy sector, Belize's energy efficiency, Biomass, Caribbean, Central America, Co-Generation Energy Limited, Commercial banks, CR, Credit bureaus, Electric power grid, Energy policy framework, EU reform, Europe, Global, ISCR, Loans, Nonperforming loans, Rate, Sugar price, Sugar sector

Publication Details

Pages:

84
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/093
Stock No:

1BLZEA2016002
ISBN:

9781475548853
ISSN:

1934-7685

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