Belize: Use of Fund Resources: Request for Emergency Assistance: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Belize
IMF Staff Country Reports, February 24, 2009
Source details
- Canonical URL
- Belize: Use of Fund Resources: Request for Emergency Assistance: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Belize
Other formats
Bibliographic details
- Published: February 24, 2009
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451805574.002
Summary
- The staff report for Belize’s use of Fund Resources and Request for Emergency Assistance is examined.
- Economic growth has been sustained largely by rising oil production.
- Inflation has remained under control.
- Despite rising oil production, economic growth has been low in 2007, in part because of the impact of Hurricane Dean.
- The authorities are confident that the banking system is stable and adequately capitalized, and largely insulated from international market turmoil.
Key findings and analysis
- Growth drivers:
- Rising oil production has been the primary factor sustaining economic growth.
- Recent growth performance:
- Economic growth was low in 2007, in part because of the impact of Hurricane Dean.
- Price stability:
- Inflation has remained under control.
- Financial sector assessment:
- Authorities report the banking system is stable and adequately capitalized, and largely insulated from international market turmoil.
Subject areas and keywords
- Subject: Debt service, Emergency assistance, Environment, External debt, Foreign aid, Natural disasters, Public debt
- Keywords: balance of payments impact, Caribbean, CR, Debt service, Emergency assistance, emergency assistance from the IMF, financial market turmoil, financial support, Global, IMF financial support, ISCR, Natural disasters, projections show