IMF Country Reports cover economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with officials of the country, is published at the option of the member.
This 2005 Article IV Consultation highlights that the Belizean economy grew by 41/2 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.