{
  "title": "Belize: 2018 Article IV Consultation-Press Release; Staff Report; Informational Annex; Debit Sustainability Analysis and Statement by the Executive Director for Belize",
  "publication": "IMF Staff Country Reports, November 16, 2018",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2018/11/16/belize-2018-article-iv-consultation-press-release-staff-report-informational-annex-46370",
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  "summary": "Belize’s economic growth has slowed over the last five years, following decades of outperforming regional peers. As in other countries in the region, a central challenge is exiting the cycle of low growth and elevated public debt. Belize’s 2017 debt rescheduling provided cash flow relief.",
  "sections": [
    {
      "heading": "Summary and economic context",
      "content": "- Belize’s economic growth has slowed over the last five years, following decades of outperforming regional peers.\n- A central challenge is exiting the cycle of low growth and elevated public debt.\n- Belize’s 2017 debt rescheduling provided cash flow relief."
    },
    {
      "heading": "Debt restructuring and fiscal commitments",
      "content": "- In March 2017, the government reached a restructuring agreement with private external bondholders on its US$526 million bond (about 30 percent of GDP).\n- As part of the agreement, the authorities committed to:\n  - tighten the fiscal stance by 3.0 percentage points in FY2017/18; and\n  - maintain a primary surplus of 2.0 percent of GDP for the subsequent three years.\n- The authorities are delivering on these commitments and have made progress in implementing recent Article IV recommendations (Annex I)."
    },
    {
      "heading": "Policy themes and focus areas",
      "content": "- Anti-money laundering and combating the financing of terrorism (AML/CFT)\n- Banking\n- Crime\n- Economic sectors\n- Expenditure\n- Fiscal consolidation\n- Fiscal policy\n- Fiscal stance\n- Public debt\n- Public sector"
    },
    {
      "heading": "Keywords and classifications",
      "content": "- Anti-money laundering and combating the financing of terrorism (AML/CFT)\n- Caribbean\n- CR\n- Fiscal stance\n- Global\n- growth prospect\n- IMF staff estimate\n- IMF-World Bank Climate Change Policy Assessment\n- ISCR\n- liability positions vis-à-vis nonresident\n- policy priority\n- Public sector\n\nInternational Monetary Fund. Belize: 2018 Article IV Consultation-Press Release; Staff Report; Informational Annex; Debit Sustainability Analysis and Statement by the Executive Director for Belize.\n\n---\n\n Content in this bundle\n\n- Country Report\n  - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: November 16, 2018",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484385401.002",
    "Belize’s economic growth has slowed over the last five years, following decades of outperforming regional peers.",
    "A central challenge is exiting the cycle of low growth and elevated public debt.",
    "Belize’s 2017 debt rescheduling provided cash flow relief.",
    "In March 2017, the government reached a restructuring agreement with private external bondholders on its US$526 million bond (about 30 percent of GDP).",
    "As part of the agreement, the authorities committed to:",
    "The authorities are delivering on these commitments and have made progress in implementing recent Article IV recommendations (Annex I).",
    "Caribbean",
    "CR",
    "Global",
    "growth prospect",
    "IMF staff estimate",
    "IMF-World Bank Climate Change Policy Assessment",
    "ISCR",
    "liability positions vis-à-vis nonresident",
    "policy priority",
    "**Country Report**"
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