Belize Selected Issues

This Selected Issues paper analyzes macro-financial linkages for Belize. The banking system in Belize is facing significant challenges that could have a negative impact on the wider economy. Under adverse scenarios, the loss of correspondent banking relationships (CBRs) could have a sizeable impact...

Full description

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
LEADER 02276nmm a2200493 u 4500
001 EB001309558
003 EBX01000000000000000894170
005 00000000000000.0
007 cr|||||||||||||||||||||
008 161223 ||| eng
020 |a 9781475547993 
245 0 0 |a Belize  |b Selected Issues 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2016 
300 |a 61 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 Industries: Financial Services 
653 |a Banks and banking 
653 |a Financial institutions 
653 |a Financial services 
653 |a Micro Finance Institutions 
653 |a Mortgages 
653 |a International Lending and Debt Problems 
653 |a Loans 
653 |a Banks and Banking 
653 |a Correspondent banks 
653 |a Correspondent banking 
653 |a Banking 
653 |a Bank deposits 
653 |a Foreign banks 
653 |a International banking 
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 10.5089/9781475547993.002 
856 4 0 |u https://elibrary.imf.org/view/journals/002/2016/335/002.2016.issue-335-en.xml?cid=44359-com-dsp-marc  |x Verlag  |3 Volltext 
082 0 |a 330 
520 |a This Selected Issues paper analyzes macro-financial linkages for Belize. The banking system in Belize is facing significant challenges that could have a negative impact on the wider economy. Under adverse scenarios, the loss of correspondent banking relationships (CBRs) could have a sizeable impact on Belize’s economy and financial stability as fewer CBRs, different local banks’ business models, or stricter due diligence requirements could kick many economic agents out of formal trade and finance channels. Threats to the financial system, including those related to money laundering and terrorist financing, should be tackled on multiple fronts, including through closer coordination with regional and global public and private partners