## Belize: Staff Report for the 2013 Article IV Consultation

_IMF Staff Country Reports, July 23, 2013_

## Source details

**Canonical URL:** [Belize: Staff Report for the 2013 Article IV Consultation](https://www.imf.org/en/publications/cr/issues/2016/12/31/belize-staff-report-for-the-2013-article-iv-consultation-40815)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/belize-staff-report-for-the-2013-article-iv-consultation-40815/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/31/belize-staff-report-for-the-2013-article-iv-consultation-40815/index.json)
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## Bibliographic details
- Published: July 23, 2013
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484348642.002

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### Summary
- IMF staff report on Belize’s 2013 Article IV Consultation highlighting economic developments and macroeconomic outlook.
- Macroeconomic developments in 2012 were underpinned by robust output growth but clouded by uncertainties surrounding the debt restructuring and growth prospects of major trading partners.

### Macroeconomic developments
- 2012: robust output growth.
- Key downside risks: uncertainties surrounding the debt restructuring and growth prospects of major trading partners.

### Banking sector and nonperforming loans (NPLs)
- New provisioning and loan classification standards implemented by the central bank at end-2011 have resulted in declining nonperforming loans (NPLs) in the banking system and improving provisioning.
- NPLs remain high at 20 percent of total loans at end-2012, with heavy concentration in one domestic and some international banks.

### Prudential measures and bank actions
- In compliance with the new prudential measures, banks have been required to write off bad loans within 3–5 years.

*IMF Staff Report: Belize — Staff Report for the 2013 Article IV Consultation*

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## Content in this bundle

- **Belize: Staff Report for the 2013 Article IV Consultation; IMF Country Report 13/227; June 5, 2013**
  - [Belize: Staff Report for the 2013 Article IV Consultation; IMF Country Report 13/227; June 5, 2013 (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2013/_cr13227.pdf.md){rel="alternate" type="text/markdown"}
  - [Belize: Staff Report for the 2013 Article IV Consultation; IMF Country Report 13/227; June 5, 2013 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2013/_cr13227.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/belize-staff-report-for-the-2013-article-iv-consultation-40815_