Belize: Staff Report for the 2013 Article IV Consultation

July 23, 2013

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Belize: Staff Report for the 2013 Article IV Consultation, (USA: International Monetary Fund, 2013) accessed November 22, 2024

Summary

This IMF staff report on Belize’s 2013 Article IV Consultation highlights economic developments and macroeconomic outlook. Macroeconomic developments in 2012 were underpinned by robust output growth but clouded by uncertainties surrounding the debt restructuring and growth prospects of major trading partners. New provisioning, and loan classification standards implemented by the central bank at end-2011 have resulted in declining nonperforming loans (NPLs) in the banking system and improving provisioning. NPLs remain high at 20 percent of total loans at end-2012, with heavy concentration in one domestic and some international banks. In compliance with the new prudential measures, banks have been required to write off bad loans within 3–5 years.

Subject: Asset and liability management, Banking, Debt management, Economic sectors, Government debt management, Loans, Public debt, Public financial management (PFM), Public sector, Revenue administration

Keywords: Caribbean, Central America, Central bank credibility, Commodity price pressure, CR, Debt management, Debt management task force, Europe, Global, Government debt management, IMF special, ISCR, Loan, Oil export, Public sector, Resolution framework, Restructuring, Staff visit

Publication Details

Pages:

67
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/227
Stock No:

1BLZEA2013001
ISBN:

9781484348642
ISSN:

1934-7685

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