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Belize Selected Issues and Statistical Appendix

An illegal parallel market for foreign exchange is prevalent in Belize. Its emergence and continued existence is attributed to the pervasive exchange controls, attempts to avoid banking fees, as well as the prevalence of cash transactions in the tourist sector. Overall, the financial system appears...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2004
Series:IMF Staff Country Reports
Subjects:
Finance, Public
Depository Institutions
National Government Expenditures And Related Policies: Infrastructures
Credit
Commercial Banks
Capital Investments
Public-private Enterprises
Banks
Public Finance & Taxation
Banks And Banking
Monetary Economics
Currency; Foreign Exchange
Public Enterprises
Financial Institutions
Public Sector
Monetary Policy, Central Banking, And The Supply Of Money And Credit: General
Micro Finance Institutions
Other Public Investment And Capital Stock
Mortgages
Economic Sectors
Money
Expenditure
Foreign Exchange
Civil Service & Public Sector
Capital Spending
Macroeconomics
Banking
Public Finance
Money And Monetary Policy
Belize
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:An illegal parallel market for foreign exchange is prevalent in Belize. Its emergence and continued existence is attributed to the pervasive exchange controls, attempts to avoid banking fees, as well as the prevalence of cash transactions in the tourist sector. Overall, the financial system appears sound, the banking system is well capitalized, and the insurance sector has been able to pass most of the risks offshore through reinsurance. The supervisory and regulatory framework for commercial banks appears sound, but there is scope for improvement
Physical Description:65 pages
ISBN:9781451805468

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