{
  "title": "Belize: 2009 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Belize",
  "publication": "IMF Staff Country Reports, May 20, 2009",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/belize-2009-article-iv-consultation-staff-report-public-information-notice-on-the-executive-22960",
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  "summary": "Belize’s economy is projected to decelerate in 2009 owing to the global downturn. Real GDP growth is projected at 1 percent, reflecting the impact of declining tourism, remittances, and foreign direct investment inflows.",
  "sections": [
    {
      "heading": "Growth outlook and drivers",
      "content": "- Real GDP growth is projected at 1 percent in 2009.\n- The projected deceleration in 2009 is attributed to the global downturn and specifically to declining tourism, remittances, and foreign direct investment inflows."
    },
    {
      "heading": "Executive Directors' assessment and policy guidance",
      "content": "- Executive Directors welcomed the broadly favorable economic performance in 2008.\n- Directors commended the authorities’ commitment to pursue sound macroeconomic and financial sector policies to manage near-term risks.\n- Directors emphasized that strong macroeconomic policies are necessary to:\n  - underpin the exchange rate regime, and\n  - help raise international reserves to a comfortable level."
    },
    {
      "heading": "Key subjects and keywords",
      "content": "- Subjects: Central banks, Economic sectors, Expenditure, Fiscal consolidation, International reserves, Oil, gas and mining taxes, Public sector, Revenue administration, Taxes\n- 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\n\n---\n\n Content in this bundle\n\n- 1. Emergency Natural Disaster Assistance\n  - 1. Emergency Natural Disaster Assistance (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1. Emergency Natural Disaster Assistance (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: May 20, 2009",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451805581.002",
    "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 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:",
    "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",
    "**1. Emergency Natural Disaster Assistance**"
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