Belize: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Belize
IMF Staff Country Reports, June 7, 2021
Source details
- Canonical URL
- Belize: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Belize
Other formats
Bibliographic details
- Published: June 7, 2021
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513573113.002
Summary and key findings
- Belize has been hit hard by the COVID-19 pandemic, which led to a deep recession and worsened fiscal and external positions from already weak levels.
- The opposition People’s United Party won the November 2020 elections by a wide margin, which gives the new government a unique opportunity to jump start much needed reforms to reduce large imbalances and anchor strong and inclusive growth.
Economic impact and themes
- COVID-19 caused a deep recession in Belize.
- Fiscal and external positions worsened from already weak levels.
Political context and implications
- The People’s United Party won the November 2020 elections by a wide margin.
- The election outcome is described as providing the new government a unique opportunity to implement reforms to reduce large imbalances and support inclusive growth.
Subject areas covered
- COVID-19
- Fiscal consolidation
- Fiscal policy
- Fiscal stance
- Health
- International organization
- Monetary policy
- Public debt
- Revenue administration
Content in this bundle
- 1blzea2021001