{
  "title": "Belize: 2005 Article IV Consultation—Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion",
  "publication": "IMF Staff Country Reports, September 30, 2005",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/belize-2005-article-iv-consultation-staff-report-staff-statement-and-public-information-18593",
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  "summary": "This 2005 Article IV Consultation highlights that the Belizean economy grew by 4½ percent in 2004, mainly reflecting strong performance in the agriculture, fisheries, and tourism sectors. Inflation remained subdued at about 3 percent.",
  "sections": [
    {
      "heading": "Economic performance",
      "content": "- Belizean economy grew by 4½ percent in 2004.\n- Growth mainly reflected strong performance in the agriculture, fisheries, and tourism sectors.\n- Inflation remained subdued at about 3 percent."
    },
    {
      "heading": "Fiscal position and risks",
      "content": "- The overall fiscal deficit of the central government widened to 8¾ percent of GDP in FY04/05.\n- Executive Directors underscored the urgency of addressing these imbalances to:\n  - Safeguard the country’s international reserves.\n  - Ensure the sustainability of the pegged exchange rate system."
    },
    {
      "heading": "Policy implications and recommendations (as highlighted by Executive Directors)",
      "content": "- Prioritize fiscal consolidation to reduce the overall central government deficit.\n- Strengthen reserve buffers to protect the pegged exchange rate arrangement.\n- Address sectoral and macroeconomic imbalances to maintain external and domestic stability.\n\n---\n\n Content in this bundle\n\n- cr05352 - Executive Summary\n  - cr05352 - Executive Summary (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr05352 - Executive Summary (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: September 30, 2005",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451805512.002",
    "Belizean economy grew by 4½ percent in 2004.",
    "Growth mainly reflected strong performance in the agriculture, fisheries, and tourism sectors.",
    "Inflation remained subdued at about 3 percent.",
    "The overall fiscal deficit of the central government widened to 8¾ percent of GDP in FY04/05.",
    "Executive Directors underscored the urgency of addressing these imbalances to:",
    "Prioritize fiscal consolidation to reduce the overall central government deficit.",
    "Strengthen reserve buffers to protect the pegged exchange rate arrangement.",
    "Address sectoral and macroeconomic imbalances to maintain external and domestic stability.",
    "**_cr05352 - Executive Summary**"
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