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Western Hemisphere > Belize

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Cover IMF Staff Country Reports
Belize: 2005 Article IV Consultation—Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion
International Monetary Fund
This 2005 Article IV Consultation highlights that the Belizean economy grew by 4½ percent in 2004, mainly reflecting strong performance in the agriculture, fisheries, and tourism sectors. Inflation remained subdued at about 3 percent. The overall fiscal deficit of the central government, however, widened to 8¾ percent of GDP in FY04/05. Executive Directors have underscored the urgency of addressing these imbalances to safeguard the country’s international reserves and ensure the sustainability of the pegged exchange rate system.
Keywords:
ISCR; CR; year-on-year CPI inflation; staff concern; authority; staff appraisal; authorities' goal; monetary policy; Debt service; Public sector; Caribbean