Belize: 2009 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Belize
IMF Staff Country Reports, May 20, 2009
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- Belize: 2009 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Belize
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Bibliographic details
- Published: May 20, 2009
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451805581.002
Growth outlook and drivers
- Real GDP growth is projected at 1 percent in 2009.
- The projected deceleration in 2009 is attributed to the global downturn and specifically to declining tourism, remittances, and foreign direct investment inflows.
Executive Directors' assessment and policy guidance
- Executive Directors welcomed the broadly favorable economic performance in 2008.
- Directors commended the authorities’ commitment to pursue sound macroeconomic and financial sector policies to manage near-term risks.
- Directors emphasized that strong macroeconomic policies are necessary to:
- underpin the exchange rate regime, and
- help raise international reserves to a comfortable level.
Key subjects and keywords
- Subjects: Central banks, Economic sectors, Expenditure, Fiscal consolidation, International reserves, Oil, gas and mining taxes, Public sector, Revenue administration, Taxes
- Keywords: authority, Belize, Belize authorities, Belize well, CR, debt restructuring agreement, deficit, gas and mining taxes, Global, inflation, International reserves, ISCR, Oil, price inflation, Public sector, revenue side
Content in this bundle
- 1. Emergency Natural Disaster Assistance