## Belize: 2005 Article IV Consultation—Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion

_IMF Staff Country Reports, September 30, 2005_

## Source details

**Canonical URL:** [Belize: 2005 Article IV Consultation—Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion](https://www.imf.org/en/publications/cr/issues/2016/12/31/belize-2005-article-iv-consultation-staff-report-staff-statement-and-public-information-18593)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/belize-2005-article-iv-consultation-staff-report-staff-statement-and-public-information-18593/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/31/belize-2005-article-iv-consultation-staff-report-staff-statement-and-public-information-18593/index.json)
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## Bibliographic details
- Published: September 30, 2005
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451805512.002

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### Economic performance
- 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.

### Fiscal position and risks
- 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:
  - Safeguard the country’s international reserves.
  - Ensure the sustainability of the pegged exchange rate system.

### Policy implications and recommendations (as highlighted by Executive Directors)
- 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.

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## Content in this bundle

- **_cr05352 - Executive Summary**
  - [_cr05352 - Executive Summary (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2005/_cr05352.pdf.md){rel="alternate" type="text/markdown"}
  - [_cr05352 - Executive Summary (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2005/_cr05352.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/belize-2005-article-iv-consultation-staff-report-staff-statement-and-public-information-18593_