Belize Selected Issues

This Selected Issues paper assesses the current strength of the balance sheets of large banks in Belize and takes stock of progress made on the regulatory, supervisory, and crisis management frameworks since the 2011 Financial Sector Assessment Program (FSAP). The improvement in financial stability...

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Bibliographic Details
Corporate Author: International Monetary Fund Western Hemisphere Dept
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2014
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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020 |a 9781498306553 
245 0 0 |a Belize  |b Selected Issues 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2014 
300 |a 67 pages 
651 4 |a Belize 
653 |a International finance 
653 |a Depository Institutions 
653 |a Banks and banking, Foreign 
653 |a Commercial banks 
653 |a Banks 
653 |a Finance 
653 |a Labour; income economics 
653 |a Wage adjustments 
653 |a Banks and banking 
653 |a Industries: Financial Services 
653 |a Financial institutions 
653 |a Wages, Compensation, and Labor Costs: General 
653 |a Micro Finance Institutions 
653 |a Aggregate Labor Productivity 
653 |a Unemployment 
653 |a Mortgages 
653 |a International Lending and Debt Problems 
653 |a Aggregate Human Capital 
653 |a Labor 
653 |a Loans 
653 |a Wages, Compensation, and Labor Costs: Public Policy 
653 |a Banks and Banking 
653 |a Banking 
653 |a Wages 
653 |a Intergenerational Income Distribution 
653 |a Finance: General 
653 |a Credit ratings 
653 |a Employment 
653 |a Wage bargaining 
710 2 |a International Monetary Fund  |b Western Hemisphere Dept 
041 0 7 |a eng  |2 ISO 639-2 
989 |b IMF  |a International Monetary Fund 
490 0 |a IMF Staff Country Reports 
028 5 0 |a 10.5089/9781498306553.002 
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520 |a This Selected Issues paper assesses the current strength of the balance sheets of large banks in Belize and takes stock of progress made on the regulatory, supervisory, and crisis management frameworks since the 2011 Financial Sector Assessment Program (FSAP). The improvement in financial stability indicators was boosted by implementation of key FSAP recommendations. The Central Bank strengthened provisioning and loan classification standards. The new rules force banks to focus more on the borrower’s capacity to repay the loan rather than on the value of collaterals. The regulatory, supervisory, and crisis management frameworks as well as the financial infrastructure could be further strengthened. The supervision department of the Central Bank could be strengthened with examiners specializing in information technologies (IT) with the view of ensuring the integrity of banks’ IT systems. Asset quality reviews and forward-looking stress tests could complement current supervisory practices and improve Central Bank’s assessments of banks’ balance sheets