Belize : 2017 Article IV Consultation-Press Release; Staff Report; Informational Annex; Statement by the Executive Director for Belize

Author/Editor:

International Monetary Fund. Western Hemisphere Dept.

Publication Date:

September 19, 2017

Electronic Access:

Free Full Text (PDF file size is 1404 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

The macroeconomic outlook remains weak. Public debt remains elevated, at around 100 percent of GDP, despite a recent debt restructuring agreement with private external bondholders. Growth is projected at just under 2 percent over the medium term. The envisaged tightening of the fiscal stance reflected in the budget for FY2017/18, of 4 percentage points of GDP, is an important first step toward fiscal consolidation, but would not be sufficient to put public debt on a decisive downward trajectory. Withdrawal of Correspondent Banking Relationships (CBRs) and low capital buffers, particularly in a systemic bank, are key threats to financial stability.

Series:

Country Report No. 17/286

Subject:

English

Publication Date:

September 19, 2017

ISBN/ISSN:

9781484320044/1934-7685

Stock No:

1BLZEA2017001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

70

Please address any questions about this title to publications@imf.org