Belize Selected Issues

This paper discusses three important sectors of Belize economy: financial, sugar market, and energy. Belize’s banking system has continued to strengthen since the 2014 Article IV Consultation in June 2014. Despite recent improvements, some banks’ balance sheets are still weak and exposed to adverse...

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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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245 0 0 |a Belize  |b Selected Issues 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2016 
300 |a 84 pages 
651 4 |a Belize 
653 |a Depository Institutions 
653 |a Energy: Demand and Supply 
653 |a Commercial banks 
653 |a Energy 
653 |a Banks 
653 |a Finance 
653 |a Farm produce 
653 |a Industries: Financial Services 
653 |a Banks and banking 
653 |a Financial institutions 
653 |a Micro Finance Institutions 
653 |a Environmental management 
653 |a Alternative Energy Sources 
653 |a Mortgages 
653 |a Nonperforming loans 
653 |a Agriculture: General 
653 |a Investments: Commodities 
653 |a Renewable energy 
653 |a Commodities 
653 |a Loans 
653 |a Financial markets 
653 |a Credit bureaus 
653 |a Banks and Banking 
653 |a Renewable energy sources 
653 |a Prices 
653 |a Macroeconomics 
653 |a Electric Utilities 
653 |a Banking 
653 |a Agricultural commodities 
653 |a Investment & securities 
653 |a Finance: General 
653 |a Credit ratings 
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490 0 |a IMF Staff Country Reports 
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520 |a This paper discusses three important sectors of Belize economy: financial, sugar market, and energy. Belize’s banking system has continued to strengthen since the 2014 Article IV Consultation in June 2014. Despite recent improvements, some banks’ balance sheets are still weak and exposed to adverse macroeconomic developments. The sugar sector makes a very important contribution to Belize’s economy. The sector is estimated to account for about 4-5 percent of GDP, 9-10 percent of total exports, 8 percent of employment, and 5-6 percent of foreign exchange earnings. But the reform of EU sugar regime, scheduled to take full effect in 2017, will most likely cause a significant drop in the EU sugar price