## 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](https://www.imf.org/en/publications/cr/issues/2016/12/31/belize-use-of-fund-resources-request-for-emergency-assistance-staff-report-press-release-on-22730)

## Other formats

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## Bibliographic details
- Published: February 24, 2009
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451805574.002

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### 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

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/belize-use-of-fund-resources-request-for-emergency-assistance-staff-report-press-release-on-22730_