## Belize: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Belize

_IMF Staff Country Reports, June 7, 2021_

## Source details

**Canonical URL:** [Belize: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Belize](https://www.imf.org/en/publications/cr/issues/2021/06/07/belize-2021-article-iv-consultation-press-release-staff-report-and-statement-by-the-50198)

## Other formats

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## Bibliographic details
- Published: June 7, 2021
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513573113.002

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### Summary and key findings
- Belize has been hit hard by the COVID-19 pandemic, which led to a deep recession and worsened fiscal and external positions from already weak levels.
- The opposition People’s United Party won the November 2020 elections by a wide margin, which gives the new government a unique opportunity to jump start much needed reforms to reduce large imbalances and anchor strong and inclusive growth.

### Economic impact and themes
- COVID-19 caused a deep recession in Belize.
- Fiscal and external positions worsened from already weak levels.

### Political context and implications
- The People’s United Party won the November 2020 elections by a wide margin.
- The election outcome is described as providing the new government a unique opportunity to implement reforms to reduce large imbalances and support inclusive growth.

### Subject areas covered
- COVID-19
- Fiscal consolidation
- Fiscal policy
- Fiscal stance
- Health
- International organization
- Monetary policy
- Public debt
- Revenue administration

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## Content in this bundle

- **1blzea2021001**
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_Source: https://www.imf.org/en/publications/cr/issues/2021/06/07/belize-2021-article-iv-consultation-press-release-staff-report-and-statement-by-the-50198_