## Belize: Technical Assistance Report-Developing the Supervision of E-Money Issuers

_Technical Assistance Reports, February 12, 2025_

## Source details

**Canonical URL:** [Belize: Technical Assistance Report-Developing the Supervision of E-Money Issuers](https://www.imf.org/en/publications/technical-assistance-reports/issues/2025/02/12/belize-technical-assistance-report-developing-the-supervision-of-e-money-issuers-561826)

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## Bibliographic details
- Published: February 12, 2025
- Series: Technical Assistance Reports
- DOI: https://doi.org/10.5089/9798229001182.019

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### Mission scope and objectives
- IMF conducted a mission at the request of the Central Bank of Belize to provide technical assistance focusing on developing a framework for the supervision of electronic money issuers in Belize.
- The mission reviewed existing approaches to supervising firms conducting regulated financial activities, as well as the regulatory framework and licensing practices for e-money issuers only to the extent that they influence and impact effective supervision.
- The mission met with other key stakeholders from the public and private sector.

### Principal findings
- The mission identified gaps and areas for improvement in the supervision of electronic money issuers that affect effective oversight of regulated financial activities.
- The review considered supervisory approaches, regulatory framework, and licensing practices insofar as they influence supervision outcomes.

### Key recommendations (nine areas)
- Risk-based supervision
- Data collection
- Reconciliations
- Transparency
- Fund safeguarding
- Permitted investments
- Agents
- Inspection reports
- Domestic collaboration

### Subjects and keywords
- Subjects: Central bank bills, Central banks, Credit bureaus, Financial markets, National payment systems, Payment systems
- Keywords: Belize, Central Bank, Central bank bills, Credit bureaus, E-money, e-money issuer, Electronic money, fintech, IMF's Monetary, instrumentalities of the CD recipient, National payment systems, Payment systems, Payments., risk assessment, Supervision, terms and conditions, World Bank staff

*International Monetary Fund. Technical Assistance Report No. 2025/015, 2025. DOI: https://doi.org/10.5089/9798229001182.019*

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_Source: https://www.imf.org/en/publications/technical-assistance-reports/issues/2025/02/12/belize-technical-assistance-report-developing-the-supervision-of-e-money-issuers-561826_