Belize: Selected Issues
September 30, 2005
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This Selected Issues paper on Belize reviews the external competitiveness, balance sheet currency mismatch, and public sector debt. Belize is a small, open economy and highly dependent on external trade. Real wages in the private sector have increased only slightly. Belize’s exports of commodities grew strongly in volume terms during the last 10 years. The currency mismatch and liquidity pressures point to a growing exchange rate risk. Belize would have to maintain a significant primary fiscal surplus to reduce indebtedness over the medium term.
Subject: Agricultural commodities, Commercial banks, Commodities, Exports, External debt, Financial institutions, International trade, Public debt
Keywords: Agricultural commodities, capital expenditure, Caribbean, Central America, central bank of Belize, Commercial banks, CR, debt service, exchange rate, Exports, foreign currency, ISCR, nominal GDP, North America, private sector, put option, trade credit, U.S. dollar, vis-à-vis nonresident
Pages:
75
Volume:
2005
DOI:
Issue:
353
Series:
Country Report No. 2005/353
Stock No:
1BLZEA2005002
ISBN:
9781451805529
ISSN:
1934-7685
