Narrow Your Choices

Refine By Topic

Refine By Series

Refine By Language

Refine By Date

—

Refine By IMF Taxonomy

Refine By JEL Taxonomy

Refine by LOC Taxonomy

Refine By THEMA Taxonomy

  • Print
  • Save

Western Hemisphere > Belize

You are looking at 1 - 10 of 46 items for :

  • Type: Journal Issue x
Clear All Modify Search
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 Policy Papers
Debt for Development Swaps: An Approach Framework
International Monetary Fund. Strategy, Policy, & Review Department
and
World Bank
The aim of this note is to help stakeholders optimize their decision-making on when, where, and how to use debt-for-development swaps (“debt swaps”), ensuring they bring the intended benefits to all parties involved. It also proposes new approaches to structure these mechanisms, making them less transaction-heavy and more sustainable while maintaining accountability for fulfilling policy and spending commitments. Debt swaps are agreements between a government and one or more of its creditors to replace existing sovereign debt with one or more liabilities1 that include a spending commitment towards a specific development goal. These goals may include nature conservation, climate action, education, nutrition, support for refugees, among others. The spending commitment is often associated with the country's decision to pursue an important development policy.
Keywords:
spending commitment; expenditure efficiency perspective; transparency policy; expenditure program commitment; expenditure commitment; debt sustainability prospect; debt amortization profile; Debt conversion; Debt service; Debt management; Debt sustainability; Global
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 IMF Working Papers
Debt-for-Climate Swaps: Analysis, Design, and Implementation
Mr. Marcos d Chamon
,
Erik Klok
,
Mr. Vimal V Thakoor
, and
Mr. Jeromin Zettelmeyer
This paper compares debt-for-climate swaps—partial debt relief operations conditional on debtor commitments to undertake climate-related investments—to alternative fiscal support instruments. Because some of the benefits of debt-climate swaps accrue to non-participating creditors, they are generally less efficient forms of support than conditional grants and/or broad debt restructuring (which could be linked to climate adaptation when the latter significantly reduces credit risk). This said, debt-climate swaps could be superior to conditional grants when they can be structured in a way that makes the climate commitment de facto senior to debt service; and they could be superior to comprehensive debt restructuring in narrow settings, when the latter is expected to produce large economic dislocations and the debt-climate swap is expected to materially reduce debt risks (and achieve debt sustainability). Furthermore, debt-climate swaps could be useful to expand fiscal space for climate investment when grants or more comprehensive debt relief are just not on the table. The paper explores policy actions that would benefit both debt-climate swaps and other forms of climate finance, including developing markets for debt instruments linked to climate performance.
Keywords:
Debt-for-climate swaps; climate mitigation; climate adaptation; climate finance; fiscal space; debt; NDCs; climate swap; debt risk; Debt-Climate swap; IMF working papers; climate investment; Debt conversion; Debt relief; Debt restructuring; Debt service; Global; debt swap operation; trilateral debt swaps; financial support; debt relief debt swap
Cover IMF Staff Country Reports
Belize: 2022 Article IV Consultation-Press Release; and Staff Report
International Monetary Fund. Western Hemisphere Dept.
The COVID-19 pandemic had a severe impact on Belize in 2020, leading to a 16.7 percent contraction in real GDP and a rise in public debt to an unsustainable level of 133 percent of GDP. To address this situation, the government presented a medium-term plan to lower public debt to 85 percent of GDP in 2025 and 70 percent in 2030 by implementing fiscal consolidation, structural reforms, and debt restructuring. Significant progress towards restoring debt sustainability was made in 2021.
Keywords:
expenditure measure; PFM legislation; policy priority; calendar year GDP; central bank of Belize; Policy discussion; IMF team; Fiscal consolidation; Fiscal stance; 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