Belize: 2008 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion by the Executive Director for Belize

Author: International Monetary Fund

Volume/Issue: Volume 2008 Issue 088

Publication date: March 2008

ISBN: 9781451805550

$20.00

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Economics- Macroeconomics , Public Finance , Taxation - General , ISCR , CR , Belize , management fund , GDP , holding , debt restructuring agreement , membership status , revenue department , GDP ratio , Oil , gas and mining taxes , Caribbean , Global

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Republic of Congo : 2001 Article IV

Summary

Belize’s near-term macroeconomic prospects have improved over the past year. The main risks to growth and financial stability arise from fiscal challenges and deterioration in the global outlook. Despite data limitations that constrain the analysis, the Belize dollar appears broadly in line with fundamentals, and the external accounts are not a threat to external stability. Progress in consolidating the public sector’s financial position needs to continue. A front-loaded fiscal adjustment is necessary to lower Belize’s debt ratios and regain market access.