{
  "title": "Belize: Staff Report for the 2002 Article IV Consultation",
  "publication": "IMF Staff Country Reports, November 21, 2002",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/30/belize-staff-report-for-the-2002-article-iv-consultation-16193",
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  "summary": "This 2002 Article IV Consultation highlights that Belize’s economic growth accelerated to 11 percent in 2000, but declined to 5 percent in 2001 as a result of several hurricanes, terrorist attacks in the United States, and a shrimp-virus epidemic.",
  "sections": [
    {
      "heading": "Economic performance and shocks",
      "content": "- Economic growth accelerated to 11 percent in 2000.\n- Growth declined to 5 percent in 2001.\n- Decline attributed to:\n  - several hurricanes,\n  - terrorist attacks in the United States,\n  - a shrimp-virus epidemic."
    },
    {
      "heading": "Fiscal developments",
      "content": "- Central government deficit widened from 10 percent of GDP to 12 percent in FY2001/02 (fiscal year end-March)."
    },
    {
      "heading": "Financing, confidence, and public sector institutions",
      "content": "- Confidence was affected by financing difficulties at the Development Finance Corporation (DFC).\n- The central government deficits were financed mainly through privatization receipts and external borrowing, mostly on commercial terms."
    },
    {
      "heading": "Subjects and keywords highlighted in the report",
      "content": "- Commercial banks\n- Economic sectors\n- External debt\n- Financial institutions\n- Foreign exchange\n- Public debt\n- Public sector\n- authority\n- bond placement\n- bond proceeds\n- Central America\n- Commercial banks\n- CR\n- deficit\n- ISCR\n- net\n- Public sector\n- reserve\n- staff appraisal\n- target of-BZ\n- tourism sector\n\nBelize: Staff Report for the 2002 Article IV Consultation\n\n---\n\n Content in this bundle\n\n- IMF Concludes 2002 Article IV Consultation with Belize\n  - IMF Concludes 2002 Article IV Consultation with Belize (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - IMF Concludes 2002 Article IV Consultation with Belize (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
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    "Published: November 21, 2002",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451805451.002",
    "Economic growth accelerated to 11 percent in 2000.",
    "Growth declined to 5 percent in 2001.",
    "Decline attributed to:",
    "Central government deficit widened from 10 percent of GDP to 12 percent in FY2001/02 (fiscal year end-March).",
    "Confidence was affected by financing difficulties at the Development Finance Corporation (DFC).",
    "The central government deficits were financed mainly through privatization receipts and external borrowing, mostly on commercial terms.",
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    "Central America",
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    "tourism sector",
    "**IMF Concludes 2002 Article IV Consultation with Belize**"
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