IMF Staff Country Reports

Belize: 2005 Article IV Consultation—Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion

Publication Date:

September 30, 2005

Electronic Access:

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Summary:

This 2005 Article IV Consultation highlights that the Belizean economy grew by 4½ percent in 2004, mainly reflecting strong performance in the agriculture, fisheries, and tourism sectors. Inflation remained subdued at about 3 percent. The overall fiscal deficit of the central government, however, widened to 8¾ percent of GDP in FY04/05. Executive Directors have underscored the urgency of addressing these imbalances to safeguard the country’s international reserves and ensure the sustainability of the pegged exchange rate system.

Series:

Country Report No. 2005/352

Subject:

Debt service Economic sectors Expenditure External debt Public debt Public sector