Belize: Use of Fund Resources: Request for Emergency Assistance: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Belize

February 24, 2009

Summary

The staff report for Belize’s use of Fund Resources and Request for Emergency Assistance is examined. Economic growth has been sustained largely by rising oil production, while inflation has remained under control. Despite rising oil production, economic growth has been low in 2007, in part because of the impact of Hurricane Dean. The authorities are confident that the banking system is stable and adequately capitalized, and largely insulated from international market turmoil.

Subject: Debt service, Emergency assistance, Environment, External debt, Foreign aid, Natural disasters, Public debt

Keywords: balance of payments impact, Caribbean, CR, Debt service, Emergency assistance, emergency assistance from the IMF, financial market turmoil, financial support, Global, IMF financial support, ISCR, Natural disasters, projections show

Pages:
27
Volume:
2009
DOI:
https://doi.org/10.5089/9781451805574.002
Issue:
069
Series:
Country Report No. 2009/069
Stock No:
1BLZEA2009001
ISBN:
9781451805574
ISSN:
1934-7685

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