Belize: Staff Report for the 2011 Article IV Consultation
IMF Staff Country Reports, December 2, 2011
Source details
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- Belize: Staff Report for the 2011 Article IV Consultation
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Bibliographic details
- Published: December 2, 2011
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781463929206.002
Executive summary and assessment
- The 2011 Article IV Consultation report concludes that Belize has weathered the financial crisis relatively well when compared with Caribbean Community peers.
- Executive Directors commended the authorities for their macroeconomic management, which enabled Belize to weather the financial crisis.
- Although the near-term outlook is positive, the report identifies key challenges: the uncertain global environment, rising gross financing needs of the public sector, and the weak investment climate.
- Directors emphasized the need to tighten further the fiscal stance and rebuild macroeconomic buffers.
Major risks and vulnerabilities
- Uncertain global environment.
- Rising gross financing needs of the public sector.
- Weak investment climate.
Policy recommendations
- Tighten further the fiscal stance.
- Rebuild macroeconomic buffers.
Thematic coverage (subjects and keywords)
- Subjects: Banking; Expenditure; External debt; Fiscal stance; Public debt; Public financial management (PFM); Revenue administration.
- Keywords: banking sector; Belize; Caribbean; central bank; CR; credit bureau; current account; debt service; export credit; financing; financing needs; fiscal policy; GDP; Global; ISCR; medium outlook; private sector; sensitivity analysis.
Publication note
- Publication date: December 2, 2011
- Series: IMF Staff Country Reports 2011, Issue 340
Source: Belize: Staff Report for the 2011 Article IV Consultation
Content in this bundle
- Belize: 2011 Article IV Consultation-- Staff Report