Belize: Climate Change Policy Assessment

IMF Staff Country Reports, November 16, 2018

Source details

Belize is "exceptionally vulnerable to natural disasters and climate change."
Current climate-related hazards affecting Belize: hurricanes, flooding, sea level rise, coastal erosion, coral bleaching, and droughts.
Impacts are "likely to intensify given expected increases in weather volatility and sea temperature."

The Climate Change Policy Assessment (CCPA) takes stock of Belize’s plans to manage its climate response "from the perspective of their macroeconomic and fiscal implications."
The CCPA is a joint initiative by the IMF and World Bank to assist small states to:
- understand and manage the expected economic impact of climate change, and
- safeguard long-run fiscal and external sustainability.

Explores the possible impact of climate change and natural disasters on the macroeconomy.
Assesses "the cost of Belize’s planned response."
"Suggests macroeconomically relevant reforms that could strengthen the likelihood of success of the national strategy."
Identifies policy gaps and resource needs.

Subjects: Climate change, Environment, Expenditure, Greenhouse gas emissions, Natural disasters, Public investment and public-private partnerships (PPP), Public investment spending.
Keywords include: budget system, capital budget, capital expenditure, Caribbean, Central America, climate change, CR, financial support, Global, Greenhouse gas emissions, insurance coverage, international community, ISCR, mitigation strategy, Natural disasters, Public investment and public-private partnerships (PPP), Public investment spending, renewable energy, risk pooling, waste management.