Belize: 2022 Article IV Consultation-Press Release; and Staff Report
IMF Staff Country Reports, May 10, 2022
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- Canonical URL
- Belize: 2022 Article IV Consultation-Press Release; and Staff Report
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Bibliographic details
- Published: May 10, 2022
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400208652.002
COVID-19 economic impact
- Real GDP contracted by 16.7 percent in 2020.
- The COVID-19 pandemic had a severe impact on Belize in 2020, driving the large contraction in output.
Public debt, medium-term targets, and measures
- Public debt rose to 133 percent of GDP in 2020, described as an unsustainable level.
- Government medium-term debt targets:
- Lower public debt to 85 percent of GDP in 2025.
- Lower public debt to 70 percent of GDP in 2030.
- Planned measures to achieve targets:
- Fiscal consolidation.
- Structural reforms.
- Debt restructuring.
Progress and outlook
- Significant progress towards restoring debt sustainability was made in 2021.
Subject tags and keywords (as listed)
- Subject: Expenditure, Fiscal consolidation, Fiscal policy, Fiscal stance, International organization, Monetary policy, Public debt, Public financial management (PFM).
- Keywords: calendar year GDP, Caribbean, central bank of Belize, expenditure measure, Fiscal consolidation, Fiscal stance, Global, IMF team, PFM legislation, Policy discussion, policy priority.
Source: Belize: 2022 Article IV Consultation-Press Release; and Staff Report (May 10, 2022).
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