IMF Staff Country Reports

Belize: Selected Issues

October 27, 2016

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Belize: Selected Issues, (USA: International Monetary Fund, 2016) accessed November 23, 2024

Summary

This Selected Issues paper analyzes macro-financial linkages for Belize. The banking system in Belize is facing significant challenges that could have a negative impact on the wider economy. Under adverse scenarios, the loss of correspondent banking relationships (CBRs) could have a sizeable impact on Belize’s economy and financial stability as fewer CBRs, different local banks’ business models, or stricter due diligence requirements could kick many economic agents out of formal trade and finance channels. Threats to the financial system, including those related to money laundering and terrorist financing, should be tackled on multiple fronts, including through closer coordination with regional and global public and private partners.

Subject: Bank deposits, Banking, Commercial banks, Correspondent banking, Financial institutions, Financial services, Foreign banks, International banking, Loans

Keywords: Balance sheets, Balance sheets link, Bank capital, Bank deposits, Bank F, Banking system, Belizean bank, Belizean banks' borrowing from BIS bank, Capital buffer, Caribbean, Central bank, Choice bank Ltd., Commercial banks, Correspondent banking, Counterparties resident, CR, Domestic bank, Foreign banks, Global, International bank, ISCR, Loans, Loss of CBRS, Nominal GDP, Vis-à-vis BIS bank, Vis-à-vis counterparties resident

Publication Details

  • Pages:

    61

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2016/335

  • Stock No:

    1BLZEA2016004

  • ISBN:

    9781475547993

  • ISSN:

    1934-7685