Belize: Selected Issues
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Summary:
Belize should reduce debt ratios to comfortable levels for smooth market access, and reduce liquidity risks by stabilizing debt service. Streamlined management of the oil fund should be considered. Fiscal measures should compensate for the loss of oil revenues in the budget and avoid new borrowing. This note explores alternative measures of reserves adequacy and concludes that a reserves target of three months of imports is a reasonable benchmark. Reforms enabling more effective liquidity management involve removing the ceilings and moving to market-based interest rates.
Series:
Country Report No. 2008/092
Subject:
Commodities External debt Financial institutions Government securities Imports International trade Oil Oil, gas and mining taxes Taxes
English
Publication Date:
March 6, 2008
ISBN/ISSN:
9781451805567/1934-7685
Stock No:
1BLZEA2008002
Pages:
21
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