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Western Hemisphere > Belize

You are looking at 1 - 10 of 20 items for :

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Cover Technical Assistance Reports
Belize: Technical Assistance Report-Developing the Supervision of E-Money Issuers
International Monetary Fund. Monetary and Capital Markets Department
IMF conducted a mission at the request of the Central Bank of Belize provided technical assistance focusing on developing a framework for the supervision of electronic money issuers in Belize. The mission reviewed existing approaches to supervising firms conducting regulated financial activities, as well as the regulatory framework and licensing practices for e-money issuers only to the extent that they influence and impact effective supervision. The mission also met with other key stakeholders from the public and private sector setting out nine key recommendations covering risk-based supervision, data collection, reconciliations, transparency, fund safeguarding, permitted investments, agents, inspection reports, and domestic collaboration.
Keywords:
Electronic money; E-money; Supervision; Belize; Central Bank; fintech; Payments.; IMF's Monetary; instrumentalities of the CD recipient; World Bank staff; e-money issuer; terms and conditions; risk assessment; Central bank bills; National payment systems; Credit bureaus; Payment systems
Cover IMF Staff Country Reports
Belize: 2024 Article IV Consultation-Press Release; and Staff Report
International Monetary Fund. Western Hemisphere Dept.
The 2024 Article IV Consultation with Belize highlights that real gross domestic product growth and inflation moderated in 2023. Belize’s key policy priorities include raising the primary balance with revenue mobilization and expenditure rationalization to lower public debt to a level that provides sufficient buffers, increasing expenditure in priority areas, adopting growth enhancing structural reforms, and building resilience to climate change and related disasters. These policies would boost growth and make it more inclusive. Boosting medium-term growth requires increasing female labor force participation, enhancing access to affordable credit for small and medium size enterprises, reducing crime, improving the business climate, and adopting a disaster resilience strategy that strengthens structural, financial, and post-disaster resilience and is based on a multi-year macro-fiscal framework. Keeping vulnerable financial institutions under enhanced supervision and requesting recapitalization when needed is important to maintain financial stability. Strengthening the currency peg requires increasing international reserves by reducing public debt, implementing structural reforms and limiting government financing by the Central Bank.
Keywords:
central bank financing; money market rate; financing of the government; expenditure measure; central bank of Belize; Fiscal stance; Anti-money laundering and combating the financing of terrorism (AML/CFT); Public sector; Global; Caribbean
Cover IMF Staff Country Reports
Belize: 2023 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Belize
International Monetary Fund. Western Hemisphere Dept.
This 2023 Article IV Consultation discusses that economic activity has rebounded strongly from the pandemic in Belize. After growing by 15 percent in 2021 and 12 percent in 2022, real GDP is projected to grow by 2.4 percent in 2023 and 2.0 percent over the medium term as spare capacity is exhausted. The key policy priorities include reducing public debt to a level that provides sufficient buffers, increasing expenditure in priority areas, implementing growth enhancing structural reforms, and building resilience to climate change. These policies would boost growth and make it more inclusive. Boosting potential growth requires enhancing access to domestic credit, ensuring predictable access to foreign exchange to attract foreign direct investment, reducing crime, and adopting a disaster resilience strategy that strengthens structural, financial, and post-disaster resilience and is based on a multi-year macro-fiscal framework. Strengthening the sustainability of the currency peg requires implementing additional fiscal consolidation and growth-enhancing structural reforms, as well as limiting government financing by the Central Bank.
Keywords:
authorities of Belize; currency peg; authorities project growth; terrorism financing risk; reform agenda; Fiscal stance; Public sector; Global; Caribbean
Cover Finance & Development
Finance & Development, March 2022
International Monetary Fund. Communications Department
Finance and Development, March 2022
Keywords:
world inequality report; public finance management systems; debt-ratio target; government funding; debt-service cost; emerging market debt ratio range; management system function; Income inequality; Value-added tax; Currencies; Global; Africa; Caribbean; Asia and Pacific; South Asia
Cover Finance & Development
Finance & Development, March 2022
International Monetary Fund. Communications Department
Finance and Development, March 2022
Keywords:
world inequality report; public finance management systems; debt-ratio target; government funding; debt-service cost; emerging market debt ratio range; management system function; Income inequality; Value-added tax; Currencies; Global; Africa; Caribbean; Asia and Pacific; South Asia
Cover Finance & Development
Finance & Development, March 2022
International Monetary Fund. Communications Department
Finance and Development, March 2022
Keywords:
world inequality report; public finance management systems; debt-ratio target; government funding; debt-service cost; emerging market debt ratio range; management system function; Income inequality; Value-added tax; Currencies; Global; Africa; Caribbean; Asia and Pacific; South Asia
Cover Finance & Development
Finance & Development, March 2022
International Monetary Fund. Communications Department
Finance and Development, March 2022
Keywords:
world inequality report; public finance management systems; debt-ratio target; government funding; debt-service cost; emerging market debt ratio range; management system function; Income inequality; Value-added tax; Currencies; Global; Africa; Caribbean; Asia and Pacific; South Asia
Cover Finance & Development
Finance & Development, March 2022
International Monetary Fund. Communications Department
Finance and Development, March 2022
Keywords:
world inequality report; public finance management systems; debt-ratio target; government funding; debt-service cost; emerging market debt ratio range; management system function; Income inequality; Value-added tax; Currencies; Global; Africa; Caribbean; Asia and Pacific; South Asia
Cover Finance & Development
Finance & Development, March 2022
International Monetary Fund. Communications Department
Finance and Development, March 2022
Keywords:
world inequality report; public finance management systems; debt-ratio target; government funding; debt-service cost; emerging market debt ratio range; management system function; Income inequality; Value-added tax; Currencies; Global; Africa; Caribbean; Asia and Pacific; South Asia
Cover IMF Working Papers
External Private Financing and Domestic Revenue Mobilization: A Dilemma?
Hippolyte W. Balima
,
Deirdre Daly
, and
Mr. Boileau Loko
Domestic revenue mobilization (DRM) is essential for low-income and emerging economies to sustainably finance their development needs and has received increasing attention in recent years. Studies have centered on structural factors such as the size and the structure of the economy, and the quality of institutions, notably to account for weaknesses in revenue administrations. Nevertheless, DRM can take time and carry political costs. Raising more financing through donors or private investors may be an easier and more politically palatable way for countries to meet spending needs. Using an impact assessment methodology and panel regressions over a sample of 72 developing countries, we found no evidence that access to bond markets or external commercial loans undermines the countries’ efforts to collect tax revenue. On the contrary, we found that access to markets has a positive impact on domestic revenue mobilization. Plausible explanations are that private financing must be repaid, and strong macroeconomic fundamentals are key for maintaining market access. We have also found that macroeconomic stability and the strength of institutions do matter for domestic revenue mobilization.
Keywords:
Domestic revenue mobilization; Bond markets; external commercial debt.; WP; market access; access country; access unit; market discipline effect; market financing; external commercial debt; access group; Revenue mobilization; International bonds; Emerging and frontier financial markets; Bonds; Sub-Saharan Africa