Belize: Selected Issues and Statistical Appendix

October 20, 2006

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Format: Chicago

Belize: Selected Issues and Statistical Appendix, (USA: International Monetary Fund, 2006) accessed December 24, 2024

Summary

The erosion of EU trade preferences for bananas and sugar will have immediate negative implications for Belize’s economy. This paper suggests ways to enhance public debt management in Belize. The vulnerability of the banking sector appears relatively modest. However, the current level of loan-loss provisions and collateral valuation rules are not up to the international standards. Important steps have been taken to further improve compliance with the Basel Core Principles. The importance of debt-service reduction through sound macroeconomic policies is highlighted.

Subject: Agricultural commodities, Banking, Commercial banks, Commodities, Financial institutions, Foreign exchange, Government debt management, Loans, Public financial management (PFM), Real exchange rates

Keywords: ACP country, Agricultural commodities, Bank supervisor, Caribbean, Commercial banks, CR, Current account, Debt management office, Equilibrium exchange rate path, Exchange rate peg, Government debt management, IAIS insurance core principle, ISCR, Loan, Loan portfolio, Loans, Real exchange rates, REER index, Unit-labor-cost-based REER

Publication Details

Pages:

85
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/370
Stock No:

1BLZEA2006002
ISBN:

9781451805543
ISSN:

1934-7685

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