Belize 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Director for Belize

This paper discusses key issues of the Belize economy. The economic condition of Belize is characterized by sluggish growth and a weak fiscal stance, which have put public debt on an unsustainable path. Social and poverty challenges remain significant. The unemployment rate remains high compared wit...

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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 2016
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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260 |a Washington, D.C.  |b International Monetary Fund  |c 2016 
300 |a 87 pages 
651 4 |a Belize 
653 |a Fiscal stance 
653 |a Depository Institutions 
653 |a Revenue administration 
653 |a Foreign exchange reserves 
653 |a Public debt 
653 |a Banks 
653 |a Finance 
653 |a Public finance & taxation 
653 |a Industries: Financial Services 
653 |a Banks and banking 
653 |a Debt Management 
653 |a Micro Finance Institutions 
653 |a Fiscal Policy 
653 |a Debts, Public 
653 |a Fiscal consolidation 
653 |a Debt 
653 |a Exports and Imports 
653 |a Fiscal policy 
653 |a Mortgages 
653 |a National Government Expenditures and Related Policies: General 
653 |a Education 
653 |a Central banks 
653 |a Sovereign Debt 
653 |a Expenditure 
653 |a Taxation, Subsidies, and Revenue: General 
653 |a International reserves 
653 |a Banks and Banking 
653 |a Expenditures, Public 
653 |a Civil service & public sector 
653 |a Macroeconomics 
653 |a Banking 
653 |a Public Finance 
653 |a Monetary Policy 
653 |a Revenue 
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520 |a This paper discusses key issues of the Belize economy. The economic condition of Belize is characterized by sluggish growth and a weak fiscal stance, which have put public debt on an unsustainable path. Social and poverty challenges remain significant. The unemployment rate remains high compared with its 2008 level of 8 percent, despite a reduction to 12.1 percent in September 2014 from 14.2 percent in September 2013. Per capita GDP remains far below its regional peers. This paper also focuses on measures that would signal credible commitment to fiscal consolidation, strengthen the financial system, and boost economic, growth taking into account constraints on human and financial resources